Hyperliquid’s HYPE Reaches Record Above $97 as Weekly Gain Hits 27%
HYPE rose 2.85% over 24 hours by 7 p.m. ET on Sept. 23, trading above $97 and nearing the $100 threshold.
Hyperliquid’s HYPE token reached a record above $97 on Sept. 23, extending its seven-day gain to 27% as the asset moved closer to the $100 threshold.
HYPE was up 2.85% over 24 hours at 7 p.m. ET (23:00 UTC), when it traded above $97. The move puts the token near a round-number price level that has become the next major marker for the market.
HYPE is the native token of the Hyperliquid blockchain and is used across its trading and staking systems. Some trading fees are directed to community-related destinations, including an assistance fund.
HYPE held by the assistance fund is burned permanently, removing those tokens from both circulating and total supply. The mechanism reduces the amount of HYPE available within the network’s supply structure.
The price advance came as HYPE posted gains across both the daily and weekly time frames. The token’s next move will determine whether it can extend the rally beyond the $100 level.
