Hyperliquid (HYPE) Hits $44.80 ATH – Is It Coming for Cardano’s Spot?

HYPE Rockets to ATH Amid Whale Frenzy and Strategic Hype

Hyperliquid (HYPE) has taken the crypto world by storm, reaching a new all-time high (ATH) of $44.80, representing a 385% gain in Q2 2025. This price surge follows Binance’s listing announcement and a clever social media campaign, hinted at by Wintermute founder Evgeny Gaevoy.

In just ten days, HYPE surpassed its May high of $39 and entered price discovery territory. Massive USDC inflows—from $2.72B to $2.957B—have further fueled this rally.

Whale Makes $13.7M Profit in 4x Long

According to OnChain Lens, a whale holding a 4x leveraged long position in HYPE now holds over $13.7 million in floating profit, indicating deep investor confidence.

Cardano in Sight

Now ranked 11th with a $14 billion market cap, HYPE is closing in on Cardano’s 10th spot ($22B). If this momentum continues, flipping ADA is possible by year-end.

$100 Target?

Analysts say HYPE could test $50 soon and possibly hit Fibonacci levels at $65 and even $100, if the bullish sentiment holds. Support levels to watch are $39 and $30 in case of a pullback.