Hyperliquid has taken the crypto world by storm with a meteoric price surge, hitting a new all-time high of $39.93 just hours ago. The price rally is attributed to whale investor James Wynn’s reversal of a billion-dollar position and surging on-chain activity. 📈 This surge in trading volume has significantly driven up the coin’s market capitalization to over $12.69 billion, propelling it towards the top 10 cryptocurrencies. 🚀 On-chain data shows a record high open interest at over $10.1 billion, indicating an increase in leveraged positions across the market. This bullish momentum is further fueled by increased social sentiment on platforms like LunarCrush, signifying growing retail and institutional investment interest in Hyperliquid’s recent ascent.