$HYPE Explodes 67% Monthly as #Hyperliquid DEX Dominates Perpetual Futures


$HYPE token has dominated the top 15 #cryptos with explosive 12.4% weekly gains and a massive 67.2% monthly surge to $41.31.


Hyperliquid's decentralized exchange attracted massive trader migration through superior perpetual futures offerings that compete with major centralized platforms.


The whale behind an $11.15 million leveraged position drove $HYPE momentum while $BTC posted record low volatility levels.


$ETH climbed 7% weekly, $SOL gained 7.3%, and $DOGE added 4.4% as altcoins recovered from May lows.


Perpetual futures represent 93% of all crypto derivatives trading, making Hyperliquid's #DeFi platform increasingly valuable.


One trader was recently liquidated for over $100 million on a 40x leveraged $BTC position, showcasing platform capabilities.


Kronos Research attributes $HYPE's performance to "speculative momentum and deeper fundamentals like ecosystem growth."

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June 11, 2025 at 7:32 PM
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