🚀 HYPE ERUPTS: $29B Trading Frenzy Sparks 35% Chance of $100 Breakout Amid Market Carnage

Blood in the streets—but crypto traders smell opportunity. A staggering $29 billion in volume surges through the market as analysts peg 1-in-3 odds on a seismic $100 breakout.

When red turns to green, nobody cares about 'sound fundamentals.'

Wall Street's still trying to short this rocket—good luck with that.

From $6.40 to $48: Can History Repeat and Send HYPE to $100?

With trading volume exceeding $633 million, a market capitalization of $16.08 billion, and Hyperliquid’s latest ecosystem milestones, HYPE appears primed for another explosive MOVE toward fresh highs.

Historical context reinforces this bullish outlook. At its November 2024 launch, Hyperliquid’s peak daily volume reached $6 billion.

By January 2025, this figure soared to $22 billion, at which time HYPE surged from $6.40 to $20.58.

All-time highs two days in a row:
Hyperliquid reached >$22B in 24h volume pic.twitter.com/KSV0dvKmZm

Given that volume has now reached an unprecedented $29 billion with HYPE trading around $48, the $100 price target appears increasingly realistic.

On-chain metrics from DefiLlama further validate this optimistic outlook, showing Hyperliquid’s total value locked climbing to $610 million from $230.48 million in April.

Monthly DEX volume has also witnessed explosive growth, jumping from $57.54 million in March to $516.26 million in July.

Revenue-wise, Hyperliquid generates approximately $140 million quarterly, rivaling the earnings of Circle, the USDC issuer.

Nansen CEO Alex Svanevik recently told Cryptonews that blockchain revenue is the new Meta because ‘That’s what people are actually paying to use your chain.’

Alex Svanevik, CEO of @nansen_ai

In this conversation, @mattzahab and @ASvanevik discuss:

– Quick overview on each of the top 10 coins
– $HYPE flipping $ADA this summer 
– Hyperliquid DEEP dive

https://t.co/CSJSqlrLdg pic.twitter.com/vQTgJwunRT

He opined that “Hyperliquid should flip Cardano. It already has more users and revenue, it just hasn’t been priced in yet.”

For context, Cardano is currently valued at $33 billion compared to Hyperliquid at $16 billion.

Hyperliquid flipping cardano at this level would put HYPE at exactly $99.

Recent strategic partnerships have accelerated the HYPE token’s momentum. For example, on August 13, Anchorage Digital Bank revealed plans to provide custody services for HYPE tokens, bringing institutional-grade security to the protocol’s EVM-compatible HyperEVM chain.

In late July, Circle confirmed that native USDC and CCTP V2 WOULD deploy on Hyperliquid, facilitating seamless on/off ramps, cross-chain functionality, and enhanced liquidity for DeFi and derivatives trading.

Institutional interest is surging, with Lookonchain data revealing that BitMEX co-founder Arthur Hayes, a prominent Hyperliquid advocate, recently acquired over 58,631 HYPE tokens worth $2.62 million.

Polymarket Odds See 35% Chance of Hype to $100 As RSI Indicates a Technical Breakout

Prediction market sentiment has shifted dramatically, with Polymarket showing HYPE’s odds of reaching $100 in 2025 climbing to 35% from just 13% in July.

With expectations that these odds could exceed 65% ahead of the anticipated September rate cut, HYPE bulls view any price dips as strategic buying opportunities.

From a technical perspective, the HYPE/USDT daily chart displays robust bullish momentum, breaking free from a descending wedge formation and reclaiming short-term moving averages as support levels.

The RSI reading of 60 indicates healthy upward momentum without entering overbought territory, suggesting room for continued appreciation.

Technical projections point toward brief consolidation or minor retracement before resuming the upward trajectory toward the $60.62 resistance zone.

Overall market structure and momentum indicators strongly favor continued uptrend development.