HYPE Token Hits Third Consecutive All-Time High at $95.17

Hyperliquid's HYPE token surged to an all-time high of $95.17 on September 21, marking its third consecutive peak within seven days.

The token's price jumped by 4.7% over 24 hours, outperforming major cryptocurrencies like Solana, Bitcoin, Ethereum, and XRP in the same period.

The new all-time high is a result of several factors, including the platform's manual borrowing system, which was launched on September 18 and attracted $269 million in loans within 24 hours.

Users can now borrow USDC or USDT stablecoins against HYPE or Bitcoin collateral, using the same HyperCore infrastructure as the platform's portfolio-margin capabilities.