Hyperliquid Soars on $1B Raise as Price Hits New ATH

The Hyperliquid token experienced a 12% surge in the past 24 hours, reaching $38.79 per coin, driven by significant trading volume exceeding $707 million. This comes as Hyperliquid Strategies plans to raise up to $1 billion to purchase HYPE tokens used on the world’s largest decentralized derivatives platform. The funds will be raised through an S-1 registration statement filed with the SEC. 🚨 The company plans to offer up to 160 million shares of common stock to finance these purchases.