HYPE Hits New ATH at $51.4 After Lion Group Support
HYPE reaches a new ATH of $51.4 with a $17B market cap, fueled by Lion Group’s treasury shift and Hyperliquid's fee dominance.
- HYPE reaches an all-time high of $51.4 and $17B market cap
- Lion Group plans to reallocate $SOL and $SUI to $HYPE
- Hyperliquid ranks #5 in crypto fee generation in August
HYPE has officially entered the big leagues. The token hit a new all-time high (ATH) of $51.4, pushing its market cap to a staggering $17 billion. This surge marks a major milestone for the Hyperliquid ecosystem, which is quickly gaining traction among both retail and institutional investors.
The rally came shortly after Lion Group Holding Ltd. announced a significant treasury reallocation. The company revealed plans to convert its $SOL and $SUI holdings into $HYPE, signaling strong institutional confidence in the token’s long-term value and utility. This move not only adds legitimacy but also adds substantial buying pressure to the token.
Hyperliquid Ranks #5 in Crypto by Fees in August
The momentum doesn’t stop at the token’s price. In August, Hyperliquid ranked as the #5 project in the entire crypto space by fees generated, pulling in a massive $114 million. This puts it ahead of several established protocols and highlights the increasing demand for Hyperliquid’s services.
This fee generation is a clear indicator of growing usage and adoption, which often precedes even more price action. With institutional backing and a solid revenue model, HYPE is becoming more than just a speculative asset—it’s evolving into a key player in the broader DeFi ecosystem.
As Hyperliquid continues to prove its utility and attract high-profile partners, the future looks increasingly bullish for HYPE holders.
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