HYPE Soars: Hyperliquid Token Hits Record High Driven by Regulatory Momentum

Hyperliquid’s native HYPE token experienced a meteoric rise, reaching an all-time high (ATH) of $367.24 on May 23rd, according to CoinGecko. This surge propelled it into the ranks of most-watched digital assets, fueled by regulatory progress and active investor interest. The rally was driven by soaring open interest, surpassing a previously recorded $8 billion mark and signaling the platform’s dominance in decentralized derivatives trading.