Hyperliquid's HYPE token is leading the top 100 cryptocurrencies, surging 8% in 24 hours with cumulative gains exceeding 170% since March 2025. Trading volume for tokenized oil on its exchange has skyrocketed, now accounting for 30% of peak trading volume. The rally is also attributed to the upcoming portfolio margin feature for high-volume traders. However, analysts warn that amid an overall market decline, the HYPE token price could retrace 32% to $25.43 by March 21, 2026.
Hyperliquid's HYPE token is leading the top 100 cryptocurrencies, surging 8% in 24 hours with cumulative gains exceeding 170% since March 2025. Trading volume for tokenized oil on its exchange has skyrocketed, now accounting for 30% of peak trading volume. The rally is also attributed to the upcoming portfolio margin feature for high-volume traders. However, analysts warn that amid an overall market decline, the HYPE token price could retrace 32% to $25.43 by March 21, 2026.