Hyperliquid's (HYPE) price has reached a two-week high of $59.5, maintaining its bullish momentum observed in the first half of August.
The token's price increase comes as Hyperliquid ETFs did not sell any HYPE last week, indicating elevated confidence among institutional holders.
However, declining network activity poses a risk to the token's momentum, with DEX volume and address activity at multi-week lows.
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