Hyperliquid Shatters Records: Soars to Historic $59.39 ATH as Native Stablecoin Launch Nears

Hyperliquid just rewrote the rulebook—hitting a staggering $59.39 all-time high as excitement builds for its upcoming native stablecoin release.

The Surge Behind the Spike

Speculation's running wild. Traders are piling in, betting big that Hyperliquid’s move into stablecoins will tighten its grip on the DeFi derivatives space. No hype—just hard momentum and a price that won’t quit.

Stablecoins: The New Battleground

Forget old-school finance—where stability often means stagnation. Hyperliquid’s play could pull liquidity from legacy players, and frankly, it’s about time traditional banks felt the heat from an asset that actually earns its keep.

Timing Is Everything

The rally’s no accident. It lines up perfectly with the stablecoin announcement—proving once again that in crypto, momentum isn’t just king; it’s the whole court.

So, while Wall Street still debates whether crypto is 'real,' Hyperliquid’s making real moves—and real new highs.

Smart money backs HYPE price rally 

Insights from Nansen reveal that sentiment among institutional and public investors remains firmly bullish. Smart money wallets currently hold around $86 million in long positions, nearly double the $40 million in shorts. Public investors reflect a similar tilt, with $47 million long vs. $22 million short.

$HYPE positioning on @HyperliquidX is a battlefield:

🤓 Smart Money: $86M long vs $40M short
👔 Public Figures: $47M long vs $22M short
🐳 Whales: perfectly split, $259M long vs $248M short

Total open interest: $1.51B

Hyperliquid pic.twitter.com/rhT2ecPfhL

Interestingly, whale activity appears more split, $259 million long vs. $248 million short, highlighting growing tensions in the market. This divide suggests that while many anticipate further gains, some players are preparing for a potential correction. With total open interest surging to $1.51 billion, volatility is likely to persist in the short term.

At the time of writing, the token trades at $58.01. It has witnessed a minor pullback from its all-time high but remains above its late August low point of $40. Its market capitalization has grown nearly 40% this month, rising from $11.5 billion to $16 billion, and 24-hour trading volume is up by over 55%, signaling high liquidity and investor interest.

The current daily RSI is 69, which is close to the overbought level of 70, and the MACD indicator indicates a strong bullish crossover with widening histogram bars, both of which indicate further upward movement. The launch of the USDH stablecoin is expected to spur a price rally, potentially pushing HYPE toward $65 and possibly reaching $70.