Hyperliquid Shares Jump Over 20% After HYPE Tops $74 and Ousts Dogecoin
PURR•Hyperliquid Strategies shares surged over 20% pre-market after its token HYPE reached a new all-time high above $74, boosting its market cap to roughly $16 billion and displacing Dogecoin. Retail sentiment on Stocktwits turned extremely bullish, and chartist Ali Martinez projects HYPE targets of $93 or $163.
1. Stock Surges on All-Time High Momentum
Hyperliquid Strategies shares advanced over 20% in pre-market trading Monday, following a record $10.24 close on Friday. The pre-market rally positioned the stock for a fresh record high as retail buying drove message volume on Stocktwits to extremely high levels.
2. HYPE Token Reaches $74 Peak
The company’s treasury asset, HYPE, climbed above $74 in price discovery mode, lifting its market capitalization to about $16 billion. This surge propelled HYPE into the top 10 cryptocurrencies by market cap and displaced Dogecoin from the list.
3. Bullish Targets and Retail Sentiment
Chartist Ali Martinez projects HYPE could rally to $93 or $163 as prior sell signals invalidate, reinforcing a bullish technical setup. Retail sentiment metrics on social platforms reached extreme bullishness, underpinning the token’s upward trajectory.
4. Institutional Endorsement and Charitable Bet
Intercontinental Exchange CEO Jeff Sprecher remarked that Hyperliquid now exceeds Nasdaq in size metrics, underscoring growing institutional backing. BitMEX co-founder Arthur Hayes stands to win a $100,000 bet if HYPE remains the top-performing crypto by year-end.
