Hyperliquid Coin Price Surge 12% Amid Binance US Listing News

Why Hyperliquid Coin Price Rising Today: Reasons and What Next?

The Hyperliquid coin price is in the spotlight today after jumping by over 12% within 24 hours. At the time of writing, HYPE is trading around $36.83, with a strong market cap of $12.29 billion and a daily volume of $320.28 million, according to CoinMarketCap. 

Source: CoinMarketCap

Over the past week, it’s up more than 1%, and in the last month, the crypto price has jumped a massive 80%, climbing from $20.65 to today’s levels. On May 26, the coin even touched an all-time high of $39.93.

This surge comes amid exciting updates, especially a major Binance US listing announcement, ongoing DeFi progress, and a meaningful regulatory engagement with the CFTC. Let’s break it down simply.

Why Hyperliquid Coin Rising Today? Top Reasons Behind the Surge

• Hyperliquid Binance Listing News: Binance US has confirmed that spot trading for HYPE is coming soon. While the exact time is still to be announced, the hype around a new listing on Binance always boosts investor interest. 

Source: X

Earlier, Binance Futures already added the HYPE/USDT perpetual contract on May 30, which added fuel to the excitement.

• DeFi Progress and Platform Vision: Despite a small setback where Hyperliquid’s official X account was compromised on May 24, the project team remained active. The platform continues to build tools that make DeFi platforms more efficient and transparent. They believe decentralized finance can become stronger than the traditional system and help users globally.
  

• CFTC Regulatory Talks: The team recently submitted two letters to the U.S. Commodity Futures Trading Commission (CFTC). These were responses to official questions about perpetual trading and 24/7 crypto markets. By doing this, the team showed that the team cares about rules, safety, and building trust. This could help the crypto gain support from serious investors and regulators alike.

Hyperliquid Coin Price Prediction: Will HYPE Hit $50?

With strong momentum and rising volume, the big question now is: will Hyperliquid price hit $50?. As per the TradingView chart, HYPE token holds the potential to hit $50. 

Source: TradingView

• Bullish Case: If excitement around the Hyperliquid Binance listing stays strong and buyers keep coming in, the HYPE coin price prediction could go up to $42–$45 very soon. Analysts believe that the $50 mark is possible today if trading volume remains high and no negative news surfaces.
  

• Bearish Case: But if investors sell quickly after the listing news (known as a "sell-the-news" event), the price could fall back to $31–$33 levels. Much will be determined in the next few hours by the users' and market's response.

The short-term consolidation between $34–$38 is probable in the present scenario if new updates are not pushed. However, according to market indications, the possibility of a break above $40 remains highly likely, considering bullish MACD and RSI indicators.

Conclusion 

The Hyperliquid cryptocurrency price has stunned investors over the last month and is making waves because of its impending listing on Binance US. The crossroads of technological advancement, community support, and openness with regulators are driving the token into the spotlight.

Meanwhile, the majority of traders are keeping a keen eye on whether or not the token price passes $50—or if a correction is not to be avoided. Either way, the Binance listing of the Hype coin is clearly unsettling the market, and everyone is just holding its breath to see what will happen next.

Disclaimer: This is general information only. Always conduct your own research prior to investing.