Defying the market trend, Hyperliquid (HYPE) surged 50%, but what's driving it?
Perp DEX leader Hyperliquid (HYPE) rebounded from below $21 in the past week, breaking through $34 at its peak, a weekly gain of over 50%, with its FDV (Funded Direct Value) once again surpassing $30 billion.
This strong performance is no accident:
Improved fundamentals: The bull market in precious metals and US stocks boosted trading activity, with Hyperliquid's gold and silver contract trading volume ranking among the top ten platforms, and its open interest on a single platform approaching the total of all other platforms.
Continued whale buying: A new address, 0x9D2, has cumulatively invested $45 million in buy orders, and the suspected a16z address has added 243,000 HYPE after a four-month hiatus.
Emotional catalyst: Coinbase included HYPE in its listing roadmap, reigniting bullish sentiment.
Currently, the price has fallen back to around $32.
Will it continue its upward trend against the market, or will it enter a period of consolidation after high-level turnover?
Going forward, the sustainability of fundamental factors and the movements of major whales will determine the direction.
#hype #FederalReserveInterest Rates #GoldPricesRiseAgain #WhoWillBeTheNextFedChairman? #US-IranStandoff $HYPE $BTC $ETH
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