Hyperliquid's HYPE token has surged above $45, marking a gain of over 6% as speculation around HYPE-linked ETFs and ETPs, such as Bitwise, draws institutional interest. The token's recent deflationary move, with a burn of 43.4 million HYPE valued at $1.96 billion, has further fueled its rise. Currently, 100% of protocol fees are directed towards buybacks, reducing the net daily supply by approximately 16,484 tokens. Arthur Hayes has set a $150 target for HYPE by August 2026, citing its dominance in the on-chain perpetuals market. Meanwhile, the Maxi Doge presale is nearing a $5 million milestone, with the token priced at $0.0002819. Maxi Doge, an ERC-20 meme token, is designed around a high-leverage trading culture and has raised $4.7 million so far. The presale includes features like staking with dynamic APY and holder-only trading competitions, aiming to capitalize on the aggressive trading psychology similar to HYPE's market strategy.