Sonnet Boosts HYPE Token Price: $100 Hyperliquid Rally Starts?
Hyperliquid's HYPE token surged following a strategic merger involving a Nasdaq-listed company, forming a new $888 million crypto treasury entity. The deal has injected fresh Optimism into the altcoin market, though HYPE remains absent from major exchange listings.
Market observers note the rally reflects growing institutional interest in niche digital assets. The merger's scale suggests deeper capital pools may be flowing into crypto-native projects beyond Bitcoin and Ethereum.