HYPE Jumps 15% as Hyperliquid ETFs Pull $25.5M in a Single Day
HYPE Jumps 15% as Hyperliquid ETFs Pull $25.5M in a Single Day Hyperliquid ETFs logged $25.5M in net buying on Wednesday - more than the combined inflows of their first five days ($22.35M). HYPE rallied to an intraday high of $58.97 (currently $57.20), up 15.3% on the day and over 100% YTD. ETF demand is now 17x larger than HYPE's daily $1.4M Assistance Fund burn - institutional buying is dramatically outpacing the token's own supply reduction mechanism. Bitwise CIO Matt Hougan argues the market is still mispricing HYPE - viewing it as a perpetual DEX governance token instead of financial…
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