Altcoins News

Story: Kraken Lists HYPE Token as Price Surges 50%

By Pankaj K

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Kraken added HYPE. The U.S. crypto exchange started trading Hyperliquid's token on January 28, 2026, at 15:00 UTC with HYPE/USD and HYPE/EUR pairs available for spot trading.

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The move comes after HYPE's wild run last week. Token price jumped over 50% in seven days, hitting $3.50 by January 30 from $2.30 a week earlier.

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Hyperliquid CEO Alex Chen said the Kraken partnership changes everything. "The listing on Kraken will significantly enhance the token's visibility and accessibility to a broader…

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Market analysts can't ignore these numbers. HYPE went from $2.30 to $3.50 in a week - that's serious money for early holders. But some folks stay cautious about the rapid climb.

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The exchange has strict rules for new additions. Kraken spokesperson Lisa Turner said on January 27 they "continually assess emerging tokens that demonstrate potential for growth.

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Kraken wants more tokens on their platform. The exchange announced plans January 24 to add assets with "strong market performance and innovative use cases.

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HYPE found new homes beyond Kraken too. DeFi Pulse reported January 26 that HYPE appeared in several liquidity pools across decentralized platforms.

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Other exchanges want in. Hyperliquid reportedly talks with several major platforms about listing HYPE, though no deals got confirmed yet as of February 2.

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Hyperliquid plans big announcements soon. The company will release an updated whitepaper February 1 detailing HYPE's roadmap for 2026.

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Investment firms started watching HYPE closely. Nova Capital mentioned the token in their January 31 newsletter as a "potential high-growth asset.

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Kraken prepared for increased activity around HYPE trading. The exchange allocated additional customer support resources to handle the surge, according to a February 3 statement.

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But questions remain about Hyperliquid's operations. Kraken didn't share specifics about the protocol's strategies or future plans beyond the token listing.

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HYPE's integration into Kraken's trading infrastructure continues this week. The exchange hasn't announced additional partnerships related to the token yet.

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The token's rapid rise caught many by surprise. Seven days from $2.30 to $3.50 represents serious gains in crypto terms, but sustainability remains unclear.

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Hyperliquid didn't specify exact timelines for additional exchange listings beyond the current Kraken deal.

The Currency Analytics

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