HYPE Price Eyes $100 as Hyperliquid Volume Hits $240B

Key Insights

• A sustained break of HYPE price above $90 could support further upside to $100 and beyond.
• Hyperliquid recorded nearly $240 billion in perpetual futures volume over the past 30 days.
• A whale accumulated 107,940 HYPE worth $9.11 million over nine days.

HYPE price climbed roughly 10% over 24 hours on Sept. 18 as Hyperliquid approached a key technical resistance zone near $90.

The token traded around $86-$87 after rebounding from the $75-$77 region earlier this week. At the same time, Hyperliquid remained one of the largest onchain perpetual futures venues, with roughly $240 billion in 30-day trading volume.

Onchain data also showed one whale-linked wallet withdrawing more than $9 million worth of HYPE from Coinbase over nine days.

HYPE Price Attempts Major Breakout Past $90

After retesting support around $76, HYPE price resumed its uptrend and moved back toward the bearish order block around $89-$90. The latest rally also pushed daily trading volume above $1.33 billion.

Coinglass data showed HYPE open interest at $3.26 billion, while 24-hour short liquidations reached $4.90 million.

Analyst Crypto Patel said Hyperliquid needed to break above the bearish block to confirm the uptrend. He said HYPE price should secure a higher-timeframe close above $90.

According to the analyst, failure to reclaim the $90 level could send HYPE back toward the $60-$50 support zone.

Whale accumulation also continued. Data from Onchain Lens showed a whale address ending 22aA41 withdrew another 55,800 HYPE, worth approximately $4.65 million, from Coinbase.

Over the past nine days, the wallet accumulated 107,940 HYPE worth around $9.11 million.

Hyperliquid Futures Trading Volume Crosses $240 Billion

Data from CryptoRank showed Hyperliquid ranked first among public chains and ecosystems by perpetual futures trading volume over the past 30 days.

During that period, the platform recorded trades worth nearly $240 billion, beating second-ranked Arbitrum by a wide margin.

Arbitrum ranked second with $47.2 billion, followed by Solana at $46 billion and Lighter at $45.6 billion. Ethereum mainnet recorded $44.9 billion, while edgeX posted $42.3 billion in perpetual futures volume over the same period.

Hyperliquid Expands Real-World Asset Trading

Real-world assets also contributed a growing share of trading activity on Hyperliquid.

HIP-3 markets increased from roughly 2% of perpetual futures volume in January to nearly 50% earlier this summer.

RWA perpetual futures volume across exchanges reached approximately $470 billion in June, up from $85 billion in January.

Binance, Hyperliquid and OKX accounted for more than 80% of the category.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Technical levels, exchange flows and analyst targets do not guarantee future cryptocurrency performance.