Hyperliquid’s native token HYPE surged to a fresh high of $76.90 on June 16, 2026, after a weekly rally of roughly 46 % and a monthly climb that topped 90 %.
Price Surge and Forced Liquidations
When HYPE breached the $70 mark, traders holding leveraged short positions were compelled to close their bets, accelerating the upward trajectory. The rapid price lift amplified buying pressure from the protocol’s own fee‑burn mechanism, further squeezing short sellers.
Institutional Investment
Bitwise Capital acquired approximately 77,100 HYPE tokens, a purchase valued at about $5.2 million, to bolster its newly launched Bitwise Hyperliquid ETF. Since the ETF’s inception, total inflows have risen to $208 million, underscoring growing investor confidence in the crypto asset.
Bitwise has pledged to allocate 10 % of the ETF’s management fees toward buying and staking HYPE