HYPE hits record high of $55 during race to launch USDH stablecoin

Hyperliquid’s native token HYPE recorded a new peak close to $55, following this year’s general ￰0￱ token rallied after a contested competition from teams aiming to launch the native USDH token. Hyperliquid’s native token HYPE continued its expansion after a positive performance in ￰1￱ finally broke out easily above $50, reaching new records around $55. HYPE reached another all-time high record around $55 following the announcement of the USDH ticker. |), driven by its regular reinvestment of ￰2￱ also encourages long-term holdings, with all top 1,000 wallets now holding tokens valued in the ￰3￱ short-term fluctuations, HYPE overall retains its trading direction, with a clear upward trend during the 2025 bull ￰4￱ achieved over $7.48M in fees in August, with regular daily inflows of over $2M.

The app is one of the most widely used, drawing in both new traders and its loyal ￰5￱ token still relies on its native platform for 40% of its volumes, but has also spread to Bybit and Bitget. Currently, around 53% of whales hold a long position, signaling confidence in an ongoing ￰6￱ HYPE performance is also boosted by occasional whales opening large-scale ￰7￱ recent whale deposited over $5M in USDC, opening a 5X leveraged long position. Currently, the position is in the green with nearly $500K unrealized gains, though whales pay significant funding fees to keep their ￰8￱ gets a boost from upcoming USDH stablecoin Hyperliquid has set up a highly competitive environment for the launch of its USDH ￰9￱ ticker is expected to boost the liquidity on the perpetual futures DEX, which currently relies on over $5B USDC from user ￰10￱ will be Hyperliquid-first, and will allow even more agile liquidity ￰11￱ launch of a native stablecoin also drew attention to Hyperliquid, as it may have to consider partnerships with some of the high-profile stablecoin ￰12￱ are already preparing, with last-minute shifts in HYPE holdings and voting ￰13￱ far, the applications have drawn in Paxos, Frax, and Agora as potential builders of the new ￰14￱ list was extended with a native market and the Sky Ecosystem , current issuer of ￰15￱ is among the leaders for deploying the USDH ticker on Hyperliquid. |