HYPE Soars Past Avalanche, Chainlink, Stellar to New All-Time High

The HYPE token is experiencing a meteoric rise, surpassing $39.93 and claiming the top spot on market capitalization charts. This surge has been fueled by strong trading volume, notably a large $1.1 billion Bitcoin leveraged trade conducted on Hyperliquid, leading to an impressive increase in market cap. Technical indicators indicate bullish momentum but with potential for short-term correction. Analysts suggest that sustained upward movement is possible with active buying pressure.