Hyperliquid price rallies over 40% in a week, can bulls push higher?
Hyperliquids native token $HYPE has surged more than 40% over the past seven days, fueled by aggressive institutional accumulation, fresh all-time highs in derivatives activity, and a major technical breakout that has traders eyeing another leg higher. According to data from crypto.news, Hyperliquid ($HYPE) climbed from around $45 last week to an intraday high near $64 on May 25 before consolidating around the $63 region at press time. The move came even as Bitcoin struggled to decisively reclaim the $110,000 level and several large-cap altcoins traded sideways amid renewed macro uncertainty tied to U.S. Treasury yields and Federal Reserve rate expectations. Institutional catalysts have played a central role in the rally. Earlier this month, both the 21Shares Hyperliquid ETF and Bitwises Hyperliquid ETF debuted on U.S. exchanges, opening direct institutional access to $HYPE exposure. Combined inflows into the two products reportedly surpassed $53 million during their opening sessions, adding significant spot demand pressure to an already supply-constrained market. Adding to the bullish narrative, Bitwise disclosed that it would allocate 10% of ETF management fees toward purchasing and holding $HYPE tokens on its balance sheet. Traders interpreted the move as an early sign that asset managers may begin treating $HYPE as a strategic treasury









