Crypto
Hyperliquid Token Surges Past Record High Amid Borrowing Plans
Hyperliquid's (HYPE) token surged past its previous record high of $92.56, hitting an intraday high of $92.56 on September 19th. Analyst Aksel Kibar notes a robust technical setup, with a medium-term target of $100.5.
The HYPE token rose 6.7% to $90.83 after the exchange announced that it would enable direct borrowing on its platform. This news pushed Hyperliquid into the top ten by market capitalization.
Another interesting development is the activity of a whale who deposited $36 million worth of HYPE into FalconX and then withdrew $30.12 million worth of ETH from the same platform.