Hyperliquid’s HYPE Token Surges 15% on Binance US Listing Plans

Hyperliquid’s HYPE token experienced a significant 15% surge, reaching $37.77, following Binance US’s announcement of plans to list the token for spot trading. This latest development extends the token’s impressive 30-day rally to 81%, showcasing its strong performance in the market. Binance US already supports HYPE perpetual futures, which currently boast $17.32 million in open interest, indicating substantial trader engagement. Technical analysis suggests that a breakout above the $39 resistance level could potentially drive the token toward the $50 mark, signaling further upside potential. The growing institutional interest in DeFi-native assets is a key driver behind Hyperliquid’s recent success, positioning it as a notable beneficiary in the evolving cryptocurrency landscape. As of June 4, 2025, the market’s response to Binance US’s listing plans underscores the increasing demand for innovative DeFi projects and their integration into major trading platforms.

Hyperliquid Surges 15% on Binance US Listing Plans

Hyperliquid’s HYPE token jumped 15% to $37.77 after Binance US announced plans for a spot listing, extending its 30-day rally to 81%. The exchange already supports HYPE perpetual futures with $17.32 million in open interest.

Technical charts suggest a potential breakout above $39 could propel the token toward $50. The move reflects growing institutional interest in DeFi-native assets, with Hyperliquid emerging as a beneficiary of this trend.

Price action shows a rounding bottom pattern forming after successful tests of support at $30, following May’s 63% surge to record highs. Market participants are positioning for renewed momentum as major exchanges embrace next-generation protocols.

Binance Coin (BNB) Shows Bullish Momentum Amid Market Shifts

Binance Coin (BNB) is emerging as a standout performer in the altcoin market, buoyed by robust fundamentals and regulatory clarity. The recent dismissal of the SEC’s case against Binance has injected Optimism into the ecosystem, with BNB serving as a liquidity backbone for numerous BSC-based tokens.

Market dynamics reveal a gradual shift away from Bitcoin dominance, now facing resistance near 65%. This signals potential early stages of an altseason, with ethereum and BNB leading the charge. On-chain data highlights renewed activity in DeFi, particularly DEXes like PancakeSwap.

Technically, BNB has established a consolidation range between $512-$723 since March 2024. Shorter timeframes now show building bullish momentum, suggesting potential breakout potential in coming weeks.