BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Hyperliquid’s HYPE Token Hits Record High Amid Trading Surge and CFTC Engagement
Hyperliquid’s HYPE Token Hits Record High Amid Trading Surge and CFTC Engagement
18
2
Hyperliquid’s native token, HYPE, reached an all-time high as trading activity and open interest on the platform surged. The rally aligns with Bitcoin’s recent price milestone and follows Hyperliquid’s public acknowledgment of regulatory discussions with the US Commodity Futures Trading Commission (CFTC).
Data from CoinGlass shows Hyperliquid’s open interest nearing $12 billion, with a notable peak of $9.4 billion on May 23—a 53% increase from its previous high of $6 billion earlier in the month. Open interest, a key metric for active futures and perpetual contracts, often rises alongside bullish market sentiment.
By:
Previous
Big Banks Explore Shared Stablecoin to Compete in Crypto Space
Next
Trump’s Trade Tariff Threats Rattle Markets, Apple Shares Drop 3%
