HYPE is approaching a new high of 25 mg! The price has increased more than 12 times since the opening. KOL is afraid to talk about the price but praises the product.

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BlockTempo
a day ago
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The decentralized derivatives exchange Hyperliquid recently officially launched the airdrop of its token HYPE, with a "low-key, content-focused" style that has attracted high attention from the community and has been hailed by the community as the "biggest airdrop event of the year." According to market data, the HYPE price started at $2 on November 29 and has soared to a high of $13 within just one week, an increase of nearly 6.5 times, making it a major focus in the crypto market.

Reached a new historical high of $25

Today (15th), HYPE continued its upward trend, rising 14.4% in a single day to a historical high of $24.93, up 70% in the past week.

HYPE's strong upward trend|Source: Coingecko

According to defillama data, Hyperliquid's total locked value (TVL) has now reached $4.449 billion, soaring 170% in a week. Hyperliquid platform currently supports stablecoins such as USDC and USDT, and its total asset amount has reached $1.985 billion. Furthermore, in the past 24 hours, the platform's perpetual contract product trading volume has reached $3.367 billion.

HYPE TVL reaches $4.449 billion|Source: Defiliama

Traders talk about products rather than prices: the best decentralized derivatives exchange

Trader Eugene recently shared his views on the decentralized derivatives exchange Hyperliquid on the X platform. He stated that Hyperliquid is currently the "best Deriv DEX" in the market, both in terms of product market performance and the team's execution.

Eugene particularly mentioned that the decisions made by Hyperliquid's founder Jeff and his team from the project's inception to the present have been very accurate, not only steadily advancing the product development, but also setting a benchmark for other project founders in token issuance strategies. Eugene praised:

Hyperliquid deserves the market share and loyal fan base it has accumulated.

Eugene also shared his views on the price trend of Hyperliquid's native token HYPE. He pointed out that since the TGE, the price of HYPE has shown a "parabolic upward" trend, recently even breaking through $10, attracting the pursuit of many marginal buyers. He believes that for early airdrop holders, the current price level is undoubtedly very attractive. Although Eugene did not express any specific opinions on the short-term or long-term price speculation of HYPE, he expressed his admiration for Hyperliquid's achievements in a short period of time.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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