Crypto
HYPE Token Breaks Records as Institutional Investors Flock
Hyperliquid's HYPE token continues to break records, reaching an all-time high of $88.60 on Sunday.
The price surge follows a similar record hit on Thursday, with HYPE trading at over $88.
The rally has not only drawn in crypto traders but also institutional investors, who are gaining exposure through U.S.-listed HYPE ETFs.
According to James Seyffart of Bloomberg Intelligence, 30 firms hold a combined $74.9 million in the funds, with top holders including Wealth High Governance Asset Management and OLP Capital Management.