Hyperliquid Token Nears $20 Threshold Amid Airdrop Speculation
Hyperliquid’s native token HYPE surged 4% in 24 hours, challenging the pivotal $20 resistance level with a $6 billion market cap. Trading volume doubled as derivatives metrics flashed bullish signals.
Open interest relative to centralized exchanges hit record highs, per Hypeflows data. The rally coincides with renewed speculation about potential airdrop activity, though no official announcements have confirmed such plans.