Hyperliquid's HYPE token has surged 25% to $48.70, fueled by a substantial $624 million in daily trading volume and $21.15 million in weekly DeFi revenue. The token's impressive performance is linked to robust ecosystem growth, notably from Hyperliquid L1 and Unit. The recent listing on Robinhood has further increased its accessibility to retail investors.
Despite a slight bearish sentiment among whale positions, long positions have yielded $182.6 million in profits. Additionally, Hyperliquid Strategies has filed to raise $1 billion to acquire more HYPE tokens, indicating strong institutional confidence in the token's future.
Hyperliquid's HYPE Token Jumps 25% Following Robinhood Listing
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