Overview
- The token trades around $33–$35 after a rapid run from roughly $22, with crypto.news noting the fully diluted value returned above $10 billion.
- HIP‑3 silver contracts processed an estimated $1–$1.25 billion in daily notional on Jan. 27–28 as HIP‑3 open interest climbed to roughly $790–$920 million.
- Programmatic purchases through the Assistance Fund reduce circulating supply as fees accrue, reinforcing price strength during the commodities push.
- On‑chain flows show concentrated accumulation, including a $45 million deposit that bought about 277,000 HYPE and a PURR stake of 3.6 million tokens custodied and staked via Anchorage.
- Risk signals include overbought RSI readings, more than $20 million in liquidations on bearish bets, and positioning skew with shorts slightly outweighing longs near $35 and the $48–$50 band.