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HYPE Key highlights
Increase in holdings by major holders boosts market confidence
Token repurchase program dominates the cryptocurrency sector
- HYPE prices soared to a record high of US$88. Increase of more than 51% in the past 30 days
- An unidentified large holder has purchased a total of 2.9 million HYPE tokens,
- Hyperliquid agreement executes $379 million worth of HYPE token buybacks in 2026
- Technical indicators show price momentum is above the key moving average,$100 becomes the next major milestone
- Market sentiment is boosted after President Trump discusses Hyperliquid Exchange's potential U.S. expansion plans.
HYPE Price Dynamics
Hyperliquid's native cryptocurrency, HYPE, hit a new all-time high of $88 on September 4, 2026. Currently, HYPE is valued at US$85.78, with daily trading volume reaching US$1.53 billion, and a market value of US$21.63 billion. The digital asset has risen 5.2% in the past 24 hours and recorded a gain of more than 51% in the previous month.
This uptrend marks a significant rebound from a low of nearly $50 in early August. HYPE is steadily moving towards the $90 to $95 resistance zone, with market participants paying close attention to the psychologically meaningful $100 level as the next major target.
Multiple catalysts have pushed HYPE to its latest peak. Earlier this year, the Hyperliquid trading platform experienced significant growth as market participants, attracted by the platform's round-the-clock nature of operation, flocked to trade crude oil futures contracts. The increase in transaction volume has brought higher fee income, and the agreement systematically uses these income to repurchase HYPE tokens, thereby effectively reducing the circulation supply.
At a White House event focusing on cryptocurrencies, President Trump revealed that Commodity Futures Trading Commission (CFTC) Chairman Michael Selig is actively working to establish a Hyperliquid exchange business in the United States. Although no specific timetable was provided, this announcement significantly enhanced market confidence.
Analyst Views and Market Strategies
Market analyst Jelle highlighted HYPE's strong upward trajectory, commenting that the token has increased significantly since the previous accumulation range. Several traders are strategizing to make some profits as they approach $100 while retaining most of their positions in the hope of further price increases.
However, some market observers remain cautious about the near-term outlook. Cryptocurrency analyst BATMAN identified a bearish divergence pattern at recent landmark highs and recommended monitoring the $70 region as a key support level for potential re-entry into long positions.
Increase in holdings by major holders boosts market confidence
Blockchain analysis data provided by Lookonchain shows that an unidentified wallet designated as 0x6436 has been systematically accumulating HYPE. The address originally purchased 1.28 million HYPEs three months ago for approximately US$70, with an investment of approximately US$89.13 million. During the last 10 days, the wallet purchased an additional 1.62 million tokens at an average price of $82.40, representing approximately $133.8 million in funds deployed. The address currently controls approximately 2.9 million HYPE tokens.
Token repurchase program dominates the cryptocurrency sector
According to Hyperliquid Daily, as of 2026, the agreement has invested US$379 million in HYPE token repurchase, making it the largest repurchase program in the cryptocurrency industry this year, surpassing Pump.fun and Sky.
Technical Analysis Outlook
From a technical perspective, HYPE is trading above its 20-day exponential moving average ($77.76) and 200-day exponential moving average ($55.84). The Bollinger Band is expanding, indicating increased market volatility, with the upper rail near $95.46.
The primary challenge now is whether purchasing momentum can successfully break through the resistance zone of US$90 to US$95.
