Hyperliquid (HYPE) Surges Past Chainlink & SUI, Reaches New All-Time High

The Hyperliquid (HYPE) token has experienced a significant surge, hitting a new all-time high of $39.93 in the past 24 hours. This move puts HYPE in the top 11 positions among cryptocurrencies and challenges established players like Chainlink (LINK), SUI, and even Avalanche (AVAX) and Stellar (XLM). The token’s surge has been fueled by increased DeFi adoption and a major trading activity seen from trader James Wynn who leveraged $1.1 billion on Bitcoin with Hyperliquid.