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Crypto

HYPE Token Soars to Record High Amid Hyperliquid Growth

Guavy AI Editorial Team
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HYPE
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Hyperliquid's token, HYPE, has reached an all-time high of $82.58 on August 22 as trading activity accelerated during the broader crypto-market recovery.

The surge in HYPE price coincided with higher perpetual-futures volumes and a growth in platform balances.

The Hyperliquid network continues to burn tokens, with over 48 million HYPE tokens being burned, mostly through the Assistance Fund, which boosts token prices by reducing circulating supply.

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