Circle · Donald Trump · Coinbase · Cointelegraph
Fresh US ETF rolls out and Coinbase’s Hyperliquid agreement helped fuel HYPE’s rally this week
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HYPE, the native token of decentralized exchange Hyperliquid, jumped more than 23% in the past 24 hours, climbing toward $47 on Friday to hit its highest level since October 2025.
Key facts
- Conversely, a decisive breakout above the rising wedge's upper boundary may invalidate the bearish setup altogether, pushing HYPE's price toward the $59–$60 range, aligning with the 1.0 Fibonacci
- Applying this rule to the HYPE chart brings its downside target to the $26.5–$31.20 range, depending on the potential breakdown point, as shown
- HYPE, the native token of decentralized exchange Hyperliquid, jumped more than 23% in the past 24 hours, climbing toward $47 on Friday to hit its highest level since October 2025
- On May 14, the Senate Banking Committee advanced the CLARITY Act in a 15–9 vote, marking a key step for a bill that aims to define when digital assets fall under securities or commodities rules
Summary
Fresh US ETF launches and Coinbase’s Hyperliquid deal helped fuel HYPE’s rally this week, but technicals warn of a possible pullback. What is driving the sudden HYPE rally, and does the token have enough momentum to extend its bull run in the coming days? This week's multiple US spot HYPE ETF launches have strengthened the token’s institutional-demand narrative. The biggest immediate catalyst behind HYPE’s rally appears to be the arrival of US-listed Hyperliquid exchange-traded products.