$HYPE +13% yesterday while the whole market stood still. This isn't a coincidence.
Hyperliquid has long stopped being just "another DEX". It's a serious player now — and here's why the token is on the rise.
Main catalyst
In May 2026, the first spot ETFs on HYPE launched in the USA — from 21Shares and Bitwise. They attracted $5.6M in just a few days. Bitwise allocates 10% of its fees to buy and stake HYPE — this creates constant buying pressure built into the fund's structure.
🐋 Top holders
Paradigm — the largest institutional holder, with over 19.14M tokens.
a16z — wallets linked to the fund bought 2.11M HYPE since April 14 for $90M. 1.3M of those were staked immediately — this is a long-term position, not speculation.
Arthur Hayes (founder of BitMEX) — made HYPE his largest position in altcoins through the Maelstrom fund. He publicly set a target of $150 by August 2026.
🔥 On-chain fact
Since January 2026, $645M has been spent on buybacks — 43.6M HYPE tokens have been burned.
#SİGNAL Buy long term
SL 40
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