Hyperliquid HYPE Surges on $25M Inflows, Eyes $59 High
Hyperliquid HYPE rallied 7% to $47, extending a 31% weekly surge as $25 million in weekly stablecoin inflows fueled on-chain growth. Protocol revenue reached a record $20.19 million last week. Total Value Locked on its Layer 1 chain climbed above $2.41 billion, ranking ninth among L1 blockchains. Perpetual trading volume jumped 35.9% to $58.08 billion, outpacing rivals. HYPE stakers earned $90.07 million in rewards this month, indicating strong long-term confidence and limited sell pressure. Hyperliquid HYPE’s Money Flow Index stands at 63.37, signaling sustained capital inflows. Key resistance sits near $48; a breakout could test the $59 all-time high, while failure may trigger a pullback below the trendline. Traders should monitor stablecoin inflows, TVL growth, perpetual volume, and staking yields for timely entry points.
Bullish
The surge in Hyperliquid HYPE’s price, record $20.19 million protocol revenue, and $25 million stablecoin inflows highlight robust network utility and capital demand. Rising TVL and outpacing perpetual trading volumes signal growing adoption. High staking rewards and an MFI reading above 63 point to sustained buying pressure and limited sell-side risk. These indicators typically drive positive trader sentiment and price momentum in both the short term—through breakout attempts above $48—and the longer term by reinforcing confidence in HYPE’s fundamentals. Therefore, the overall impact is bullish.