Hyperliquid [HYPE] hit a series of new all-time highs (ATH) on the price chart this week, thanks to media attention and ETF flows.

On the 29th of May, the altcoin climbed to another record high of $67.5, with the market cap surpassing $17B. 

This briefly flipped Dogecoin [DOGE], as HYPE became the ninth-largest crypto by market cap and firmly joined the top 10 list. This would make Tron [TRX] and Solana [SOL] the next targets. 

As of writing, however, the altcoin gave back some gains and traded at $64.5 and ranked 10th by market size on CoinMarketCap.

HYPE has rallied 70% since mid-May and surged 3X from the February lows of $20. The parabolic rally in May was triggered by Coinbase’s USDC deal and sustained…