Overview
- The token rose roughly 6% in the past day to the low $40s, outperforming a declining crypto market, according to multiple price trackers.
- Developers launched the BLP testnet on Hypercore and expanded tokenized equity listings such as Nvidia, Tesla, and SpaceX, drawing fresh activity.
- Hyperliquid reports more than $1.3 billion in buybacks that have retired over 28 million HYPE, while staking deposits have climbed about 60% over the past month.
- On-chain and derivatives data show whale accumulation, positive funding, and higher open interest, reinforcing the rebound after a reported $96.5 million liquidation on the platform.
- Analysts highlight conflicting technical signals, with a head-and-shoulders neckline near $35.5 and a potential death cross versus a triangle setup that could target roughly $44–$54 on a breakout.