Hyperliquid’s HYPE token has climbed above Solana in price after reaching fresh record highs while most major cryptocurrencies have suffered sharp losses during the recent market downturn.
Summary
- HYPE price climbed above Solana in price after reaching a record high near $75.4, while SOL fell to its lowest level since late 2023.
- Hyperliquid captured a record 6.63% share of global perpetual futures volume in May.
- HYPE has entered price discovery after a breakout above previous highs, with $100 emerging as a key upside target.
According to data from crypto.news, Hyperliquid (HYPE) price traded at around $74 on Wednesday after hitting an all-time high of $75.4 on…
