HYPE Hits $77 ATH As Institutional Inflows And Token Burns Fuel $300 Debate

Hyperliquid (HYPE) reached a new record near $77 on Jun. 16 as ETF demand and bullish analyst targets pushed the token into focus.

Key Points:

HYPE ETF Flows

HYPE climbed to an all-time high near $77 on Jun. 16 after a one-day gain of almost 10%.

The token traded around $74.61 after the move, leaving it up about 67% over the past year. Its market value stood near $16.57 billion, which placed it as the 10th-largest cryptocurrency.

The rally came as capital moved into spot HYPE exchange-traded funds while spot Bitcoin (BTC) funds saw outflows on Jun. 15. HYPE products have recorded about $153 million in net inflows and nearly $900 million in volume since launch.

Three funds hold the token directly, including 21Shares’ THYP, Bitwise’s BHYP and Grayscale’s HYPG.

Efe “Crypto Kid” Kelemci, a member of the BeInCrypto Market Intelligence Experts Council, said Hyperliquid’s business model has become a draw for institutions because about $850 million in 2025 revenue was mostly used to buy and burn HYPE.

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HYPE Price Targets

That demand has also been tied to Hyperliquid’s market structure, since its perpetual futures platform gives traders access to assets including equities and pre-IPO names.

The SpaceX contract became one example of that appeal after drawing heavy volume before the company’s public debut. Still, leverage has added risk, with long liquidations rising during early June pullbacks and short liquidations increasing as HYPE moved higher.

The daily chart now puts the 1.618 Fibonacci extension near $83.55 as the first major target. A second level sits near $98.47, while prior resistance at $59.41 has become key support.

Kelemci said HYPE has gained 164% since the start of 2025, while Bitcoin fell 42% and Ethereum (ETH) dropped 57% from their peaks over a similar period. He said a move toward Robinhood’s roughly $70 billion market value could imply a HYPE price above $300 if Hyperliquid scales toward Tier-1 exchange volumes and launches spot trading.

The recent rally also followed a high-profile exit by Arthur Hayes, who sold his HYPE position above $72 in early June and later denied reports that he had bought back in. HYPE’s move to a fresh record without him gave bulls another argument, though falling volume during the advance remains a warning sign.

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