Hyperliquid (HYPE) climbed to a fresh all-time high above $63 on Saturday, extending a multi-week rally that has made it the standout performer across major digital assets.
HYPE Sets New Record Above $63
The token pushed past its previous peak after briefly dipping to $55 a day earlier, a swing that did little to slow its momentum. It had already touched $62.24 on May. 21, a level reported widely as the prior record before Saturday's move.
The rally followed the launch of two U.S.-listed HYPE exchange-traded funds, which channeled steady institutional money toward the token.
Funds from Bitwise and 21Shares both went live this month, and wallets tied to Grayscale accumulated roughly $25 million in tokens through over-the-counter desks.
Other large-cap coins joined the advance. Ethereum (ETH) defended the $2,000 mark and rose past $2,100 after a 4.5% daily gain, while XRP (XRP) reclaimed $1.35 and Solana (SOL) traded near $87. Double-digit gains showed up across NEAR (NEAR), Ondo (ONDO), Worldcoin (WLD), and Quant (QNT).
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Van de Poppe Sees $100 Path
Analyst Michiel van de Poppe argued that Hyperliquid could lead the next altcoin rally as traders rotate back into riskier assets.
He said European traders increasingly favor the platform because regulated venues there make perpetual futures hard to reach.
Van de Poppe added that HYPE could climb toward $100 or higher if appetite across crypto markets keeps strengthening.
The wider tape backed the optimism. The total crypto market capitalization has climbed more than $80 billion since Friday's low, reaching $2.65 trillion, a 3% rise over 24 hours with Bitcoin dominance near 58%.
A Steep Climb Through 2026
HYPE's record run caps a remarkable year. The token traded near $25 at the start of January, delivering gains of roughly 147% before this week's surge.
Its earlier all-time high of about $59 dated to September 2025, a level it spent months working back toward. That peak held until institutional ETF demand arrived in May and changed the trajectory.
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