HYPE Hits Record High Near $77 as ETF Inflows Put $80 in Focus

Hyperliquid’s HYPE token jumped to a new all-time high on June 16 as ETF inflows returned and traders pushed the token back into price discovery. HYPE traded near $76.69, up more than 13% in 24 hours, after moving from a daily low near $66.22 to a high above $76.50. The rally marks a sharp change from last week, when HYPE was trying to defend the $55 area after traders cut exposure to high-beta crypto assets. This time, buyers are reacting to stronger ETF demand, rising activity around Hyperliquid’s real-world asset markets, and renewed confidence in the platform’s position in decentralized perpetual futures. The chart now has a cleaner bullish structure, but it also sits in a stretched area. HYPE needs to hold $75 or quickly reclaim it after any pullback. A clean move above $77 would open the way toward $80, while a failure to hold $70 would turn the rally into a possible breakout trap.

Key Takeaways:

• HYPE traded near $76.69 on June 16 after gaining more than 13% in 24 hours.
• The token moved into a new record zone after ETF inflows reached $17.2 million on June 15, according to Farside data.
• Cumulative HYPE ETF inflows now stand near $178 million across BHYP, THYP, and HYPG.
• Hyperliquid’s RWA open interest recently reached a record $3 billion, keeping the platform’s non-crypto market story active.
• HYPE needs to hold the $75 area to keep the breakout clean. A move above $80 would strengthen the next leg, while a drop below $70 would weaken the setup.

HYPE Breaks Out After Last Week’s Pullback

Last week, HYPE was under pressure near $55 after traders reduced exposure to higher-beta crypto assets. That pullback tested whether Hyperliquid’s earlier rally had become too crowded.

The answer from buyers came fast. HYPE reclaimed $60, pushed through $65, cleared $70, and then moved into the $75 to $77 area. CoinGecko data showed the token trading near $76.69, with the day’s range stretching from about $66.22 to $76.54. Daily trading volume also jumped above $2.47 billion, showing that the breakout was backed by stronger market activity rather than a quiet drift higher.

The important change is that $75 is no longer just an upside target. It is now the first level traders will watch to see whether the breakout can hold. A token can print a new high and still fail if buyers do not defend the breakout area. HYPE has momentum, but the next test is whether $75 turns into support instead of becoming another failed spike.

ETF Flows Return At The Right Time

The strongest catalyst behind the move is the return of ETF inflows. Farside data showed $17.2 million entering HYPE-linked ETFs on June 15. Bitwise’s BHYP accounted for $15.5 million of that flow, while Grayscale’s HYPG added $1.7 million. Cumulative flows across BHYP, THYP, and HYPG now stand near $178 million.

That flow picture is important for HYPE because the token’s rally has leaned heavily on institutional demand since May. When HYPE was falling last week, the main question was whether ETF demand could keep absorbing supply after the token’s earlier run. Monday’s inflow gave traders a stronger answer. Buyers did not wait for a deeper pullback and added exposure while price was already moving back toward record territory.

This gives the rally a much firmer base. ETF demand does not remove downside risk, but it gives the market a visible source of fresh buying. As long as those flows stay positive, traders are more likely to treat dips as resets rather than signs that the broader HYPE trade has topped.

Hyperliquid’s RWA Story Keeps Drawing Attention

HYPE’s rally is also tied to Hyperliquid’s push beyond standard crypto perpetuals. The platform’s real-world asset markets have become one of the main reasons traders keep paying attention to the token. Hyperliquid said RWA open interest reached a record $3 billion, while HIP-3 has set a new open interest record every month since launching in October 2025.

That is a major reason why HYPE is trending today. The story is not only about its native token going up. The platform is building trading demand around private markets, equities, commodities, indices, and other assets that usually sit outside crypto-native venues. That gives HYPE a solid narrative.

The growth also shows why Hyperliquid keeps attracting both retail traders and institutional products. Traders want liquid markets. ETF issuers want a product with active demand and a clear story. Hyperliquid currently gives them both, which is why HYPE has been able to recover faster than many other high-beta tokens after market-wide pullbacks.

Ventuals Shutdown Shows The Market Is Still Young

The bullish case is strong, but the latest Ventuals news adds some needed balance. CoinDesk reported that Ventuals, the Hyperliquid-based platform behind OpenAI and Anthropic pre-IPO perpetual markets, is winding down and folding into another Hyperliquid ecosystem project. The platform said it handled more than $650 million in volume and raised over 500,000 HYPE across its run.

This is not a direct negative for HYPE in the same way an exploit or liquidity failure would be. Ventuals is settling markets and returning deposited HYPE to users. But it does show that the RWA perpetual market is still experimental. Some products will work, some will consolidate, and some will shut down even after attracting real activity.

For HYPE, the market seems to be reading this as consolidation rather than collapse. The token still rallied to new highs, which tells us traders are focused more on Hyperliquid’s wider market position than on one project shutting down. Still, the Ventuals story should not be ignored. It is a reminder that Hyperliquid’s biggest growth area also carries execution risk.

HYPE Latest Charts Show $75 As The Breakout Test

HYPE’s chart has moved into price discovery after clearing the earlier record zone. The 4-hour chart view gives a cleaner look at the exact support and resistance zones traders are watching now.

The first level to watch is $75. This is the breakout area after the latest move into record highs. If HYPE holds above $75, buyers remain in control and the market can keep targeting higher levels.

The next upside target is $80. This is both a psychological level and the first clean target after the breakout. If HYPE closes above $80 on strong volume, the next area to watch is $85.

Above $85, price enters a less defined zone because there is no major historical resistance. In that case, traders usually watch round numbers and short-term rejection candles more closely. The next stretch target would sit near $90 if momentum stays strong.

On the downside, the first support sits around $70 to $72. This zone was the last major recovery area before the breakout. A pullback into this area would still look normal if buyers defend it.

The deeper support sits near $65. A move below $65 would damage the breakout structure and suggest the rally has turned into a failed move. If that happens, HYPE could revisit $60, which was the earlier reclaim level after last week’s selloff.

For now, the setup favors buyers while HYPE stays above $70 and especially while it holds $75. The risk is that price has moved fast, so a shakeout would not be surprising. 

What to Expect Next

• Bullish case: HYPE holds the $75 breakout area and moves above $80. That would confirm strength and put $85 to $90 in focus.
• Bearish case: HYPE fails to hold $75, loses $70, and slides back toward $65. A daily close below $65 would weaken the breakout and expose $60.
• Main catalyst: ETF flows remain the most important short-term catalyst. Continued inflows into BHYP, THYP, and HYPG would support the rally, while a slowdown could make the breakout harder to defend.
• Invalidation: A close below $65 would invalidate the immediate bullish breakout setup. A move back above $80 would weaken the bearish case and confirm that buyers still control the trend.

Why is HYPE rising today?

HYPE is rising because traders pushed the token into new all-time highs after strong ETF inflows returned and Hyperliquid’s RWA market activity continued to grow.

How much did HYPE ETF inflows reach?

Farside data showed $17.2 million in HYPE ETF inflows on June 15, with cumulative inflows across BHYP, THYP, and HYPG near $178 million.

What HYPE price level matters now?

The main level is $75. HYPE needs to hold that breakout area or quickly reclaim it after any pullback. Above that, $80 is the next major target.