Hyperliquid Price Smashes ATH to Near $100 Amid Kraken Partnership

The Hyperliquid price has broken through to a new All-Time High (ATH), reaching above $90 as buying momentum accelerates. This breakthrough comes as Payward, Kraken's parent company, plans regulated US perpetual futures using Hyperliquid's infrastructure.

Strong derivative activity continues to support the rally, with Hyperliquid now trading in the price discovery phase. Attention is shifting toward the $100 psychological level.

The latest rally gained momentum from several developments across the ecosystem. One fresh catalyst is the launch of manual borrowing, where users can now supply HYPE or Bitcoin as collateral to borrow USDC and USDT directly. Hyperliquid reported $269 million in borrowed assets across the underlying infrastructure.