🔹 The shocks from Hyperliquid’s latest expansion into the tokenized assets space are now clearly reflected in market trends. The launch of the IPO perpetual futures market (IPOP), together with the spot that the open interest (OI) of real-world assets (RWA) has continuously set new all-time highs, has become the main catalyst driving HYPE’s price to surge over the past 24 hours. This event quickly sparked an exceptionally active inflow of new buying capital, pushing HYPE’s daily trading volume up sharply by 36%, reaching a milestone of $433 million. $HYPE
🔸 Throughout this year, Hyperliquid has continuously worked to diversify its products to reduce reliance on pure crypto assets. With the launch of the new IPOP market, traders can now access and trade companies ahead of their IPO via perpetual contracts. Combining this segment with tokenized RWA assets has significantly expanded the exchange’s user base to include traditional customer groups. The impact of these upgrades is immediately evident: not only did spot trading volume surge, but the network-wide open interest (OI) also recorded an additional increase of more than $0.5 billion, bringing total OI balance to the $2.13 billion threshold.
🔹 Technically, HYPE’s market structure is completely tilted in favor of the bulls. This altcoin is trading steadily above key moving averages, preserving the upward structure established since breaking out of the long-term downtrend channel earlier this year. At the time of writing, HYPE is holding above the 20-day SMA at $68.25. The Stochastic RSI momentum indicator is also reading 24 after successfully rebounding from the oversold zone—an arrangement that often appears when active buying power returns after a brief cooling-off move, further reinforcing the token’s bullish momentum.
With the strategic shift into the IPOP and RWA segments helping HYPE surge in both volume and open interest (OI), would you choose to deploy capital to chase the buy in anticipation of a quick return to the old peak levels, or wait for a consolidation phase to retest the 20-day SMA around $68?
News and information are for reference only and are not investment advice. Please read carefully before making a decision.