It really feels like $HYPE could be the first top-tier token to break out of its ATH in this market cycle.
The fundamentals and capital flows have been insane lately, with nearly a 30% pump over the last 6 days, and we're less than 20% away from the historical high. This kind of strength in today's market is practically a standalone rally.
First, a16z went on a buying spree, scooping up $90 million in just a month, and then Coinbase, Circle, and Hyperliquid teamed up for some serious collaboration. Right after that, Bitwise and 21Shares pushed forward with the $HYPE ETF, and even traditional finance is starting to sweat, with CME and ICE stepping in to apply some pressure.
What does this indicate?
It shows that Hyperliquid is no longer just another 'crypto project'; it's actually starting to slice into the TradFi pie.
If the last bull market crowned $BNB as the king of platform coins, then in this cycle, $HYPE is definitely starting to give off that vibe.

#HYPE #BTC