Hyperliquid’s HYPE crypto just hit a new all-time high in price, climbing to the $45.80 level after a weekend dip below $40. As for now, strong buying momentum is still pushing its price up since the $10 low back in April.
As reported today, over $1 million in Hype short positions have been wiped out, injecting extra energy into the climb—a climb that has also been happening everywhere across the crypto market.
BTC ▼-0.96% is sitting pretty around $107k; just a few percent pump is needed for $110K. 
SOL ▼-3.05% is staying close to $155, 
XRP ▼-1.66% is at the $2.25 level, and 
ETH ▼-2.24% is looking the strongest for now at $2580.
With Hype, an EVM chain, blasting ATH after ATH, will ETH break $4,000 soon?
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The Reasons Behind HYPE Crypto Sharp Price Rise
Hype price pump follows a 15% jump in just 24 hours last week, when this crypto hit $41.50. People were saying that whale activity is a big driver, and it can be seen that large investors are scooping up tokens and eating every dip.
Aside from the promising price trajectory, Hype’s crypto fundamentals are solid. It boasted a 66% spike in total value locked in May, reaching over $500 million, and the number keeps increasing. To match its hype and TVL, the daily trading volumes are also hitting billions. Those crypto factors are helping HYPE with adoption, which is reflected in its price.
#Hyperliquid just blasted to a fresh ATH at $45.80 (+8% intraday), with $1.56 B TVL, $1.4 B 24h volume & $10.7 B open interest on-chain. Infrastructure lead + imminent HyperEVM beta = rocket fuel toward $100+.
Higher https://t.co/JnnOwEmcUW
— African in Crypto (@AfricaninCrypt1) June 16, 2025
HYPE’s daily trading volume is tied to its dominance in the on-chain perpetual market. It captures about 70% of the sector, with $175 billion in March volume alone. With that volume, investors will benefit from daily buybacks and the token burn mechanism.
Data shows that Hyperliquid buys about $1.4 million worth of its token daily, or 0.07% of its supply. With that number, about 25% of the supply could potentially be gone in a year, a supply shock mechanism every trader and holder wants.
HyperEVM adoption is growing fast. The recent $1.2 billion position close has also been executed smoothly, showing the system’s robustness. However, analysts note a possible short-term correction after such a sharp rise.
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HYPE is Pumping, But Ethereum Might Crack $4,000 Soon
Ethereum’s path to $4,000 feels like a train picking up steam. Ethereum is looking good. Institutional interest is booming, and network upgrades are boosting its ecosystem with lower fees.
Recent data shows that whale accumulation and ETF inflows are climbing steadily. BlackRock and Fidelity are stacking Ethereum like there is no tomorrow. It’s bullish for ETH.
Major firms are pouring capital into Ethereum-based projects, from DeFi to NFTs. This steady inflow of funds creates a solid foundation for price growth, with demand outpacing supply.
Network upgrades are also changing the Ethereum on-chain game. They improved scalability while dropping the fees, which makes ETH more attractive to developers and users. Yes, Ethereum is not as expensive a chain as before, although traders can always opt for its layer-2 like base for cheaper trading costs.
Today, more and more users are flocking to ETH’s decentralized apps, which also increases transaction volume. This utility boost strengthens Ethereum’s value proposition, and $4,000 looks like a realistic target.
Technical indicators are flashing green. ETH/BTC is looking strong, with Ethereum showing strength against BTC for 8-9 weeks now. Weekly RSI breakouts and bullish MACD crossovers show strong momentum.
(ETHBTC1W)
Market sentiment is electric, and the price rally is a question of when, not if.
Ethereum’s ecosystem and its L2s are thriving, with new projects launching daily. Price action is holding above key moving averages, pointing to a clear path toward $4,000.
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Key Takeaways
- Hyperliquid’s HYPE crypto just hit a new all-time high in price, climbing to the $45.80 level after a weekend dip below $40.
- With Hype, an EVM chain, blasting ATH after ATH, will ETH break $4,000 soon? Chart says so.
The post HYPE Crypto Price Analysis After New ATH: Will Ethereum Price US Crack $4,000 Next? appeared first on 99Bitcoins.
