HYPE rallies 60% on staking flows and balance-sheet buying — but can it last?

Hyperliquid’s HYPE token gained 60% amid heavy staking and balance-sheet accumulation, even as open interest and perpetual volumes remained largely flat.

Key takeaways:

HYPE surged 60% to $34.90, fueled by institutional investor accumulation from Hyperliquid Strategies and reduced selling after staking unlocks.

Bearish liquidations exceeding $20 million and ARK Invest's bullish report fueled speculation despite flat perpetual volumes.

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