Hyperliquid Price Breaks Key Resistance as $1B Fundraising and IPO Plans Gain Traction

HYPE has reignited bullish sentiment across the crypto market after a sharp 11.91% daily surge pushed the Hyperliquid price above the 200-day simple moving average (SMA) to $39.02. Related Reading: 16,000 Ancient Bitcoins Just Moved—And It’s Costing Whales Billions The rally follows renewed investor optimism fueled by institutional participation and aggressive whale ￰0￱ are now watching the $41.76 resistance level, a breakout point that could confirm a full trend ￰1￱ reclaimed the key 61.8% Fibonacci level at $35.84, the Hyperliquid price is showing resilience amid broader market volatility, with volume spikes reflecting rising demand for exposure ahead of upcoming corporate milestones. $1B Fundraising and Public Listing Plans Spark Institutional Excitement The catalyst behind the rally stems from Hyperliquid Strategies Inc.’s recent S-1 filing with the ￰2￱ and Exchange Commission (SEC), detailing plans to raise up to $1 billion through a 160 million-share public ￰3￱ funds are set to support ecosystem expansion and HYPE token accumulation, further bridging decentralized finance (DeFi) with traditional ￰4￱ entity, formed from a merger between Nasdaq-listed Sonnet BioTherapeutics and Rorschach I LLC, intends to become a publicly traded crypto treasury management firm under the Hyperliquid ￰5￱ see this move as a major step toward institutional legitimacy, with parts of the proceeds earmarked for token buybacks and staking operations.

HYPE's price trends to the upside on the daily chart.