HYPE Token Soars Past $40 to Hit New Record High

HYPE Token has experienced a meteoric surge in price, reaching a new all-time high of over $40. This remarkable growth is driven by the thriving DeFi space and fueled by increased trading activity spurred by Binance US’s official listing of HYPE. Notably, crypto influencer Arthur Hayes continues to express bullish sentiments on decentralized derivatives, further bolstering HYPE’s market presence. The surge in trading volume has also resulted in a notable increase in HYPE’s market capitalization, reaching over $12 billion. This influx of liquidity from institutions like Binance US indicates greater participation in the DeFi space.