Hype Rally Shows No Signs of Slowing as Token Nears $100 Mark

The HYPE token hit an all-time high of $94.48 on September 19, breaking through its previous record and marking a significant milestone for Hyperliquid's ecosystem.

The price increase is attributed to accelerated trading activity across spot and derivatives markets, with the token up roughly 8% over 24 hours and more than 18% over seven days.

HYPE's market capitalization has climbed above $20.7 billion, while 24-hour trading volume reached about $1.8 billion.

The breakout clears the previous record near $89 set on September 6, leaving HYPE in price discovery with no historical resistance above the current range.