Hyperliquid Ready to Break $50, What’s Next for HYPE in August?

Jakarta, Pintu News – Increased positions by large investors in Hyperliquid signal a new era for the HYPE token. With growing interest in the exchange, will this be enough to sustain the positive trend?

HYPE Interest and Revenue Generation

Bullish signs continue to emerge for the HYPE token as its open interest (OI) has increased to sixth place, surpassing OKX. The OI stands at $14.29 Billion, placing it second among derivatives exchanges with cashless settlement systems. However, the 24-hour volume on Hyperliquid DEX is currently $12.65 Billion, almost a quarter of the OKX volume.

According to data from CoinGlass, OI-Weighted Funding Rates are showing green, which signifies that buyers are paying to sellers. This rate has increased from 0.0066% to 0.08%, confirming the bullish view towards the token. This bullish momentum can be enhanced by the revenue collected by DEX, which is used for token buybacks and burns, thus reducing the supply of HYPE.

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Revenue and Token Burning Strategy

Hyperliquid leads the way in the highest fee gains in the last 24 hours according to Artemis. HYPE accounts for over 51% among the top chains, which is more than Ethereum (ETH), Tron (TRX), Solana (SOL), and Bitcoin (BTC). This revenue is crucial as it is used to buy back HYPE tokens which are then burned, reducing the number of tokens in circulation and potentially increasing the value of the token.

This token burning strategy is part of Hyperliquid’s efforts to increase HYPE’s long-term value. By reducing supply, steady or increasing demand will drive the token price higher. This is a strategy that has been used by various other crypto projects to maintain and increase the value of their tokens.

HYPE Price Technical Analysis

From a technical perspective, HYPE’s price action appears to have completed a retest of the $41-$42 zone, which it had previously broken before reaching a new ATH (All-Time High). HYPE’s peak at $49.87 is just a few points below the $50 target, which if successfully broken, could signal a continuation of the rally. Meanwhile, trading volumes are also showing bullish sentiment after four days of seller dominance.

This is reflected by the pullback that brought the price slightly above $44. However, HYPE may experience short-term bearishness or consolidation, especially after reaching a new ATH. The optimal scenario for continuation would see a repeat of the pattern below $40, which would push the price past the $50 zone and target $75 next.

Conclusion: HYPE’s Outlook Going Forward

With support from large investors and an effective burning strategy, HYPE seems to have the potential to continue its positive trend. However, it is important to monitor external factors and market dynamics that could affect price movements. Investors and market watchers should stay alert to technical and fundamental indicators to make informed investment decisions.

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Reference

• AMB Crypto. HyperLiquid targets 50% as whale bets big, what’s next for HYPE?. Accessed on July 22, 2025