Hyperliquid Smashes $400B Trading Volume Milestone as HYPE Token Targets $55 Breakout

Hyperliquid just rewrote the rulebook—racking up $400 billion in trading volume and minting $100 million in pure revenue while traditional finance still debates whether crypto is 'real.'

The momentum play

Traders are piling into HYPE as it flirts with the $55 resistance level. Break that ceiling, and things get seriously interesting.

Numbers don't lie

$400 billion in volume isn't a typo—it's a statement. And that $100 million revenue figure? That's what happens when you build something people actually use instead of another 'disruptive' fintech PowerPoint.

Where next?

Watch the $55 level like a hawk. Breakthrough confirms strength; rejection signals a breather. Either way, Hyperliquid's already winning where it counts—on the balance sheet.

Whale Activity and Market Sentiment

Despite its strong fundamentals, HYPE, the platform’s native token, is facing volatility. Currently trading around $44, HYPE has retraced from the $51 mark but remains on track for a possible breakout. Analysts point to resistance at $48.73, with upside targets at $52, $55, and even $73 if bullish momentum persists.

Whale activity has added intrigue to the token’s outlook. Recently, a whale deposited over $3 million USDC into Hyperliquid and opened a Leveraged short against HYPE, sparking debate about near-term price action.

While shorts suggest caution, derivatives data shows rising open interest and a slight long bias, hinting at sustained Optimism among traders.

BitMEX co-founder Arthur Hayes has gone as far as calling Hyperliquid a “decentralized Binance,” projecting the HYPE token could rise over 100x if adoption keeps pace. The launch of a 21Shares Hyperliquid ETP on the SIX Swiss Exchange also signals mounting institutional confidence.

Still, challenges remain. Hyperliquid has faced brief outages and accusations of whale manipulation in newly launched futures markets. To counter this, the team has implemented stricter safeguards, including tighter price caps and external data integrations. These moves aim to balance rapid growth with market integrity.

With trading volumes surging, institutional adoption growing, and technical indicators hinting at a potential HYPE breakout toward $55, Hyperliquid stands at a defining moment. If it maintains momentum while addressing risks, it could cement itself as crypto’s next true “killer app.”

Cover image from ChatGPT, HYPEUSD chart on Tradingview