Hyperliquid Skyrockets 22% in 24 Hours, Cracks Top 20: Is the Peak Near?
Another day, another crypto rocket—Hyperliquid just blasted into the big leagues.
The perpetual swaps protocol isn't just rallying; it's rewriting the leaderboard. A blistering 22% surge in a single day catapulted its native token straight into the coveted top 20 by market cap. The move sent shockwaves through the derivatives sector, proving once again that in DeFi, momentum can flip the script overnight.
From Niche to Notable
This isn't just a pump. It's a market structure play. Hyperliquid's core offering—high-speed, low-cost perpetual contracts—has been quietly gaining traction among the degens and pros who live on leverage. The platform's architecture bypasses traditional bottlenecks, offering a taste of centralized exchange speed without the custodial risk. Or so the pitch goes.
The Rally's Real Fuel
Let's be real—22% moves don't happen in a vacuum. While the usual suspects like social hype and futures market dynamics are in play, the surge likely reflects a deeper vote of confidence. Traders are allocating to protocols they believe can capture the next wave of derivatives volume. In a sector crowded with copycats, a unique technical edge can suddenly look like a golden ticket.
Peak Psychology
The million-dollar question—or given the market cap, the billion-dollar question—hangs in the title: is this the top? Chartists are eyeing parabolic moves, while fundamentalists are scrambling to re-run valuation models. The cynical take? Every breakout breeds both FOMO and the inevitable 'smart money' warnings about overheating. It's the market's favorite two-act play: euphoria followed by a search for someone to blame.
One veteran's jab summed it up: 'The fastest way to become a Top 20 project is to have a token that pumps while everyone's distracted by the macro noise.' Touché.
Whether Hyperliquid holds its new rank or gets knocked down a peg, its explosive entry proves the altcoin game is still fiercely alive. The throne is never safe, and today's winner is just tomorrow's target. Buckle up.
Will Hyperliquid Continue Its Rally To A New Peak?
Hyperliquid’s (HYPE) latest upswing comes after the project announced the new HIP-4 proposal. The HIP-4 proposal introduces Outcomes, marking the project’s entry into the predictions market. The proposal will also add outcome-based trading to the platform. However, Outcomes is still being developed. According to the Hyperliquid team, ““
Hyperliquid (HYPE) hit an all-time high of $59.30 in September 2025. The asset is currently down by 37% from its 2025 peak. Given the current market bearishness, there is a chance that investors will book profits and exit their positions. Such a move could lead to a price correction for Hyperliquid (HYPE). Cryptocurrencies have taken a back seat over the last few months and market participants take a risk-off approach. With Bitcoin (BTC) struggling to breach the $80,000 price level, the larger crypto market may not see a bullish outbreak anytime soon. Hyperliquid (HYPE) may also fall victim to the larger market trend.
CoinCodex analysts also do not expect Hyperliquid’s (HYPE) rally to sustain. The platform anticipates the asset to face a correction over the coming days, falling to $24.94 on Feb. 12, 2026. Dipping to $24.94 from current price levels will entail a correction of about 33.24%.
