- Hyperliquid (HYPE) surged to a new all-time high of $55 following VanEck’s public endorsement and growing network adoption.
- Rising active users, strong social sentiment, and bullish technical signals suggest HYPE could climb even higher.
Hyperliquid (HYPE) has surged to a new all-time high of $55, fueled by growing adoption and a bullish nod from global asset manager VanEck. The endorsement, coupled with rising on-chain activity, has positioned HYPE as one of the standout performers in the altcoin market.
VanEck’s Bullish Backing
For weeks, Hyperliquid struggled to break past the $50 resistance level. That changed after VanEck’s founder, Jan VanEck, publicly announced the firm’s support for the project. In a statement, VanEck praised Hyperliquid’s technology, decentralized governance, and rollout strategy, confirming the company has been holding HYPE for several months.
This validation from a major institutional player boosted confidence among traders and investors, sparking renewed interest in the token. VanEck’s comments signaled not only confidence in Hyperliquid’s potential but also in its long-term role as a trusted, compliant solution within the crypto ecosystem.
Rising Adoption on Hyperliquid HyperEVM and HyperCore
Beyond institutional backing, Hyperliquid’s fundamentals are strengthening. Data from Token Terminal shows weekly active users on HyperEVM and HyperCore have surged to 181,500, the highest recorded so far.
HyperEVM serves as a high-performance, Ethereum-compatible execution layer, while HyperCore handles consensus and transaction validation. Together, they offer speed, scalability, and reliability, making the network attractive for developers and users alike.
The growing number of active participants reflects higher transaction volumes and a healthier ecosystem, pointing to stronger long-term prospects for HYPE.
Social Buzz and Market Sentiment
HYPE is also gaining traction across the crypto community. Social dominance rose to 2.06%, while weighted sentiment turned strongly positive—the highest since July. This surge in online discussions and positive outlook suggests rising visibility, which often translates to increased buying pressure.
Technical indicators confirm the bullish setup. On the 4-hour chart, HYPE broke above a symmetrical triangle pattern, supported by a bullish crossover on the MACD and a strong Money Flow Index reading of 80.83. Analysts suggest that if momentum continues, HYPE could aim for the $60 to $67 range.
However, traders should watch key support near $47.57, as selling pressure could trigger a pullback.
With VanEck’s endorsement, rising adoption, and increasing social buzz, Hyperliquid has established strong bullish signals. If the trend continues, HYPE could push beyond its current record and cement itself as one of the most promising altcoins in the market.
ALSO READ:IOTA Security Strengthens with Keystone Wallet Firmware Update and Rumored Custom Edition
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.
About the Author
