HYPE token has experienced a significant surge in value, reaching an all-time high of over $40, driven largely by whale accumulation. Hyperliquid’s unique approach, free from venture capital influence and prioritizing community-driven growth, is contributing to this rise. 31% of the HYPE token supply was airdropped to over 90,000 users, fostering strong engagement. This decentralized model has demonstrably boosted user base by doubling it post-airdrop, while Hyperliquid continues to attract attention with its innovative approach. This surge in value is partially fueled by regulatory dialogue surrounding DeFi activities, which has historically led to token price gains. Increased whale activity and a growing community could potentially trigger greater scrutiny from regulators.