Hyperliquid (HYPE) climbed to an all-time high of $83.27 earlier today. The Hyperliquid exchange’s native token has seen a massive price surge over the last several months due to increased user interaction. The latest rally came amid a larger market-wide rebound. CoinGecko data shows that HYPE’s price has risen by 35.4% in the last week and 38.7% in the last month. Let’s discuss why HYPE is rallying today and if it can hit the $100 mark next.
Can Hyperliquid Hit Another All-Time High Of $100 Next?
Hyperliquid (HYPE) has been one of the highlights of the 2026 market cycle. The asset climbed to new peaks even when the larger cryptocurrency market was struggling. The upswing from earlier this year is attributed to increased activity on the Hyperliquid exchange. The platform saw increased user interaction during the early days of the US-Iran war as traders flocked to trade oil futures. What made Hyperliquid stand out is its 24-7 market contrary to other exchanges that were closed for a certain number of hours.
Hyperliquid (HYPE) saw another massive rally earlier this week after President Trump hosted a cryptocurrency event at the White House. Trump invited several CEO and founders from the industry and pushed his pro-crypto stance. During the event Trump said that CFTC (Commodity Futures Trading Commission) Chair Mike Selig was “working very hard” to bring Hyperliquid into the US “in a fully compliant and legal fashion.” The statement led to a massive surge in investor sentiment, pushing Hyperliquid’s native token, HYPE, to a new all-time high.
Also Read: Crypto Stocks on the Rise as Bitcoin Nears a Return to $80,000
While the rally is commendable, it is unclear if Hyperliquid (HYPE) can hit $100 or not. If the exchange is launched in the US, we may very well see Hyperliquid (HYPE) breach the $100 mark. If the launch is delayed or denied, the asset could face a price correction. Moreover, there is a chance that HYPE will enter a sideways trajectory from here on. The asset’s price has already fallen by nearly 5% from its peak. The larger cryptocurrency market is also showing signs of slowing down with Bitcoin (BTC) falling from $79,000 to $77,000.
