Hyperliquid Eyes $20 as HYPE Airdrop Speculation Reignites—Just What Crypto Needs, Another ’Groundbreaking’ Token Event
Hyperliquid’s native token surges on renewed rumors of an impending HYPE airdrop—because nothing pumps a coin like free money chasing more free money.
Traders pile in as price targets get aggressively revised upward, proving once again that crypto markets run on hopium and hashtags.
The usual cycle plays out: vague tweets, coordinated Telegram pumping, and suddenly everyone’s a ’long-term holder’ until the next shiny object appears.
Source: CoinGecko
HYPE Price Eyes $20
HYPE has been one of the best-performing altcoins throughout the past 24 hours. This comes on the back of a massive increase in trading volume, which is up almost 100% on the day.
Beyond that, though, Hyperliquid’s open interest copared to that of centralized exchanges has reached an all-time high according to data from Hypeflows.
Some analysts seem to believe that open interest is a better metric to gauge the number and engagement of the Flow of new users, which means that Hyperliquid is getting a more organic flow of retail users compared to major centralized exchanges.
In any case, Hyperliquid currently accounts for 83% of the total trading volume across decentralized exchanges with almost $6 billion in the past 24 hours.
Second Hyperliquid Airdrop Rumors
In addition to apparently strong fundamentals over the past couple of weeks, there are also rumors circling around social media that the team might be preparing to launch a second season of Hyperliquid points, which is the system used to reward users with HYPE tokens through an airdrop.
According to a popular social media user and a frequent Hyperliquid commentator, the points page has seen its user-interface updated on testent.
New season of points farming on HL?
Points page UI updated on testnet.$HYPE
Hyperliquid. pic.twitter.com/F82BMCqTYb
— NMTD.HL/BTC (@NMTD8) April 28, 2025
Airdrop hunting is quite popular and could be part of the reasons fueling HYPE’s recent growth. After all, it was one of the most successful and heavily-discussed airdrops in the past few years, so those who missed it, might be eager for a second shot.
