In the last three days, the Hyperliquid token (HYPE) has shown significant growth, rising in price by more than 50%. Over the course of the week, its value has increased by nearly 60%. As of January 2026, HYPE is trading above the $34 mark.
This is reported by Finway
HYPE Market Capitalization Exceeds $10 Billion for the First Time Since December 2025
The market capitalization of the Hyperliquid token has reached over $10 billion for the first time in the last month, according to CoinMarketCap data. This figure reflects significant investor interest in the asset and a general increase in trust in the platform.
Reasons Behind HYPE’s Growth Dynamics
The community has noted several factors that have influenced the rapid increase in the token’s price. A user on platform X with the pseudonym Henrik identified the key factors:
- The completion of mass sell-offs of HYPE by an individual associated with Tornado Cash and the Continue Fund, which removed the main pressure on the market.
- Active accumulation of the token by treasury companies (DAT).
- Hyperliquid gained an additional advantage due to rising gold and silver prices and the implementation of HIP-3.
- The platform leads in key metrics: trading volume, open interest, daily user activity.
- Buyer dominance over sellers in the market.
“The individual associated with Tornado Cash, as well as the Continue Fund, completed the mass sell-off of HYPE — the main source of price pressure has been eliminated”.
Additionally, one of the founders of Hyperliquid previously emphasized that the platform has become a key price formation center in the crypto industry, further enhancing its attractiveness to market participants.