Hyperliquid (HYPE), a fast-rising DeFi-native blockchain, reached a new all-time high above $44.76 on June 16, 2025, as bullish momentum pushed the token into price discovery. Backed by increased whale activity, surging open interest, and growing on-chain value, Hyperliquid is capturing significant attention in the decentralized finance ecosystem.

The native token of the Hyperliquid blockchain has rallied more than 11% over the last 24 hours and posted a 25% gain in the past week. This performance has come alongside a sharp increase in the project’s total value locked (TVL), which now exceeds $2.24 billion. As HYPE leads altcoin momentum, analysts are eyeing a breakout toward the $50 mark, with speculation of a potential run to $100 in the near term.

HYPE Enters Price Discovery as Whale Profits Surge

According to data from CoinMarketCap, HYPE briefly spiked to $44.76 during early Monday trading, setting a new all-time high. It currently trades slightly lower around $44.36 but remains in a bullish zone, supported by broader market enthusiasm and significant whale participation.

Notably, on-chain analytics firm OnChain Lens reported that a whale holding a leveraged long position on HYPE saw floating profits exceed $13.7 million at the time of the rally. This investor activity reflects growing confidence in Hyperliquid’s price trajectory and further solidifies bullish sentiment across the market.

The DeFi protocol has benefited from strong infrastructure development and investor incentives. Recent integrations with DeFiLlama and an aggressive token buyback campaign have amplified confidence in the Hyperliquid ecosystem. Its layer-1 architecture, stablecoin framework, and robust developer community have positioned the project as a standout in the decentralized finance space.

TVL Jumps as Ecosystem Expands

A major factor driving the price surge is the growing TVL across the Hyperliquid platform. DeFiLlama data reveals a 7% increase in TVL over the past 24 hours, climbing from $1.7 billion on June 11 to over $2.24 billion by June 16. This metric represents the total capital locked across decentralized applications built on the Hyperliquid blockchain and indicates increasing user adoption and liquidity depth.

The rising TVL supports the bullish narrative for HYPE and reflects increasing demand for DeFi services on the platform. With TVL crossing the $2 billion milestone, Hyperliquid now ranks among the top-performing DeFi projects by value secured.

Market Signals Suggest More Upside

From a technical standpoint, HYPE appears poised for continued gains. Key indicators on the daily chart support the case for a move above $50 in the short term.

The 14-day Relative Strength Index (RSI) currently stands at 69, signaling strong momentum without entering overbought territory. This indicates that bulls have room to push higher without triggering immediate selling pressure.

Additionally, the Moving Average Convergence Divergence (MACD) remains positive, with the MACD line trending above the signal line — a classic bullish formation. The convergence of volume, sentiment, and momentum all point toward a potential breakout.

Coinglass data further underscores market strength, with derivatives trading volume for HYPE rising by 29% to over $1.8 billion. Meanwhile, open interest has surged above $2 billion, a 15% increase that signals growing institutional and speculative interest in the token.

Price Prediction: $50 First, Then $100?

While short-term targets focus on the psychological $50 resistance, growing investor enthusiasm is fueling predictions of a push toward $100. The combination of open interest, rising TVL, and bullish technicals suggests that Hyperliquid could experience significant gains if market conditions remain favorable.

However, traders should remain cautious of potential profit-taking scenarios. A pullback could see support tested at the $40 level, and stronger corrections could push HYPE back toward the $32 zone. Maintaining price action above these levels would confirm bullish control.

Looking Ahead: Ecosystem and Adoption Key

Beyond technicals and market sentiment, Hyperliquid’s continued growth will depend on the expansion of its decentralized ecosystem. Its stablecoin architecture, scalable infrastructure, and rising adoption in the DeFi community place it in a strong position heading into the second half of 2025.

As new integrations roll out and tokenomics evolve, analysts believe Hyperliquid could become one of the dominant players in the decentralized financial space — potentially rivaling the likes of Solana and Ethereum in niche sectors.

For now, the momentum behind HYPE remains strong, with whales accumulating, volume climbing, and new milestones being hit almost daily. Whether it reaches $100 remains to be seen, but current indicators suggest the Hyperliquid rally still has room to run.