Over the past 24 hours, Hyperliquid (HYPE), a decentralized exchange (DEX) token, shot up by over 15%. Higher investment confidence and surging interest in DeFi have led to a sharp increase in the Hyperliquid price. However, another factor was at play today, which is a major crypto exchange listing announcement.
Why is Hyperliquid Price Surging?
On Tuesday, June 3, the HYPE price soared 15.05% to $37.60 at press time. The market capitalization of HYPE has reached $12.6 billion and daily trading activity jumped by nearly 87%, according to CoinMarketCap. At present, the circulating supply is about 333.92 million HYPE from a total supply of 999.99 million.
The HYPE price even touched an intraday high of $37.90 today with the social media sentiment turning extremely positive. Moreover, Hyperliquid price prediction shows potential to surge beyond $50, claiming a new all-time high.
Hyperliquid has caught investor interest owing to its fully on-chain architecture and an easy-to-use experience, which appeals to those interested in DeFi who value transparency and speed. The increasing amount of liquidity on this decentralized platform draws in buyers from the crypto space.
In addition, Binance.US has planned to include HYPE for trading on its platform. Listing on a major United States exchange greatly increases visibility and convenience for investors, attracting more attention to it.
On X, Binance.US wrote, “The $HYPE is real. Spot trading for Hyperliquid is coming soon to Binance.US.” They urged users to follow their page for exact listing details, including the date when the HYPE token goes live on the exchange.
Instead of being just another marketing buzz, the $HYPE is relying on strong increases in statistics and growing attention from the crypto world.
Also Read: Hyperliquid (HYPE) Price Rebounds 10% After This Announcement by Binance
