Hyperliquid (HYPE) reached a new all-time high of approximately $77 on June 16, climbing nearly 10% in a single day. The token now trades around $74.61, up roughly 67% over the past year, with a market capitalization of about $16.57 billion, making it the tenth-largest cryptocurrency. Institutional capital has rotated toward HYPE, with spot ETFs drawing about $153 million in net inflows and nearly $900 million in volume since launch. Three products—21Shares' THYP, Bitwise's BHYP, and Grayscale's HYPG—hold the token directly. Efe Kelemci of BeInCrypto cites Hyperliquid's revenue-generating model, where roughly $850 million in 2025 revenue saw 99% directed to buying and burning HYPE tokens, as attractive to institutions. However, leverage risks persist: long liquidations spiked in early June, and short liquidations have climbed recently. Arthur Hayes sold his entire HYPE position above $72. Technically, HYPE reclaimed the 1.272 Fibonacci extension at $70.04, with next targets at $83.55 (1.618 extension) and $98.47 (2.0 extension). Volume decline during the price advance is a cautionary divergence. Support lies at $59.41 and $51.05.

Key facts

• HYPE hit an all-time high near $77 on June 16, up 10% in a day.
• Spot ETFs attracted $153 million in net inflows since launch.
• 99% of Hyperliquid's $850M 2025 revenue used for token buyback and burn.
• Arthur Hayes sold his entire HYPE position above $72 in early June.
• Next price target at $83.55 (1.618 Fibonacci extension), with support at $59.41.