Hyperliquid (HYPE) experienced a significant price surge as Binance US announced the token's upcoming spot listing, triggering a 15% increase and pushing HYPE's price toward its all-time high of $40. Currently trading at around $37.50, HYPE’s trading volume soared by 80% to $370 million within 24 hours, signaling strong market interest.
The token’s recent price action shows sustained bullish momentum, supported by technical indicators such as an RSI nearing the overbought zone and a MACD line about to cross above its signal. This uptrend follows a healthy pullback and confirms a consistent pattern of higher highs and lows since April’s trend reversal, enhancing optimism among traders.
Fundamentally, Hyperliquid dominates the derivatives decentralized exchange market with over 81% market share per CoinMarketCap, and maintains leadership in perpetual contract volume—trading $6.495 billion worth on its Layer 1 platform in 24 hours as reported by DeFiLlama.
In addition, Binance listed HYPE token for futures trading with leverage up to 75x, which initially caused a 4.5% price dip but was soon reversed as trader activity intensified. The futures trading launch attracted further market engagement, especially from notable traders such as James Wynn, amplifying HYPE’s ecosystem activity.
This series of events—from futures to spot listing on Binance US—has boosted HYPE’s market profile and price volatility, encouraging community optimism about potential future growth as the token continues to rally despite broader altcoin market stagnation.