Key Highlights
- HYPE reached an all-time high of $88, surging more than 51% over the last 30 days
- An unidentified whale has amassed 2.9 million HYPE tokens valued at over $220 million
- The Hyperliquid protocol has executed $379 million in HYPE token buybacks throughout 2026
- Current price action remains above critical moving averages, targeting the $100 milestone
- President Trump’s remarks about potential US exchange launch strengthened market confidence
The native cryptocurrency of Hyperliquid, HYPE, achieved a record peak of $88 on September 4, 2026. Currently, HYPE is valued at $85.78 with daily trading volume reaching $1.53 billion and a market capitalization of $21.63 billion. The asset has appreciated 5.2% over 24 hours and recorded gains exceeding 51% across the previous month.
This upward momentum represents a significant rebound from the $50 support level observed in early August. HYPE has subsequently advanced toward the $90ā$95 resistance area, with market participants monitoring the $100 psychological threshold as the immediate objective.
Multiple catalysts contributed to HYPE’s latest record. The Hyperliquid trading platform experienced substantial user growth earlier this year when participants flocked to trade oil futures contracts, attracted by the platform’s round-the-clock trading capabilities. Increased platform activity generated higher transaction fees, which the protocol systematically allocates toward HYPE token repurchases, effectively decreasing available supply.
During a White House cryptocurrency gathering, President Trump indicated that CFTC Chairman Michael S. Selig is pursuing efforts to enable Hyperliquid exchange operations within the United States. While no specific timeline was provided, this development enhanced overall market optimism.
Market analyst Jelle emphasized HYPE’s robust bullish trajectory, acknowledging the token’s substantial gains from previous entry positions. Several traders are considering partial profit-taking near the $100 mark while maintaining the majority of their holdings for potentially larger upside moves.
Conversely, some analysts maintain short-term caution. Cryptocurrency analyst BATMAN identified a bearish divergence pattern at the recent local peak and recommended monitoring the $70 zone as a crucial retest area before initiating new long positions.
Major Whale Accumulation Reinforces Market Sentiment
Blockchain analytics provider Lookonchain has documented aggressive purchasing activity from an anonymous address identified as 0x6436. This wallet originally acquired 1.28 million HYPE tokens at approximately $70 three months prior, representing an investment of roughly $89.13 million. Throughout the past ten days, this entity purchased an additional 1.62 million tokens at an average cost of $82.40, totaling approximately $133.8 million. The address currently controls around 2.9 million HYPE tokens.
Industry-Leading Token Repurchase Initiative
According to information from Hyperliquid Daily, the protocol has allocated $379 million toward HYPE token buybacks during 2026, establishing the cryptocurrency sector’s most substantial repurchase program this year, surpassing initiatives from Pump.fun and Sky.
From a technical perspective, HYPE is positioned above its 20-day exponential moving average of $77.76 and its 200-day exponential moving average of $55.84. The Bollinger Bands are expanding, indicating heightened volatility conditions, with the upper boundary positioned near $95.46.
The critical challenge ahead involves whether purchasing pressure can successfully breach the $90ā$95 resistance zone.
Get 3 Free Stock Ebooks
Discover top-performing stocks in AI, Crypto, and Technology with expert analysis.
- Top 10 AI Stocks - Leading AI companies
- Top 10 Crypto Stocks - Blockchain leaders
- Top 10 Tech Stocks - Tech giants
