Damn, $HYPE just set a new historical high and it’s still grinding at the high end right now.
About 9/18 an official shill coordinated lending: using HYPE/BTC as collateral to borrow USDC/USDT. The amount lent out that day was about 269 million U; back then it surged to around the 90.92 ATH. Now even on Binance perpetuals it’s still around ~93, with the intraday high touching ~94.59.
In the past 24h: about +1.96%, about 628 million U in volume and nearly 2.09 million trades, with open interest around 393 million U. Market cap rank is around #11.
Personal take: don’t just focus on the narrowing of the gains—product-side fundamentals are the core. Swapping holdings for liquidity doesn’t require selling first. Short-term consolidation is normal; what I care more about is whether the lending utilization rate can keep climbing.
About 9/18 an official shill coordinated lending: using HYPE/BTC as collateral to borrow USDC/USDT. The amount lent out that day was about 269 million U; back then it surged to around the 90.92 ATH. Now even on Binance perpetuals it’s still around ~93, with the intraday high touching ~94.59.
In the past 24h: about +1.96%, about 628 million U in volume and nearly 2.09 million trades, with open interest around 393 million U. Market cap rank is around #11.
Personal take: don’t just focus on the narrowing of the gains—product-side fundamentals are the core. Swapping holdings for liquidity doesn’t require selling first. Short-term consolidation is normal; what I care more about is whether the lending utilization rate can keep climbing.
