Interest in Hyperliquid’s native token, HYPE, has reached new heights in 2026, with social media activity and investor sentiment surging as the asset recently climbed to a record price above $73.
Data from Santiment indicates that HYPE’s social dominance has risen to its highest level of the year, reflecting growing enthusiasm across crypto communities on platforms such as X, Reddit, and Telegram.
Social Buzz Accelerates Alongside Price Growth
According to Santiment, positive discussions surrounding HYPE have increased significantly as traders become increasingly optimistic about the project’s future.
The platform noted that Hyperliquid has emerged as one of the strongest-performing projects in the digital asset sector, attracting attention from both retail and institutional participants.
Several factors have fueled this growing momentum, including rising perpetual futures trading activity, continued expansion of Hyperliquid’s decentralized trading ecosystem, and its growing reputation as a viable alternative to traditional centralized derivatives exchanges.
Additional developments such as new product launches, increasing protocol revenue, and expectations of further ecosystem growth have also strengthened investor confidence. As a result, HYPE has become one of the most actively discussed cryptocurrencies in the market.
Analysts See Further Upside Potential
From a technical analysis perspective, market analyst Ali Martinez believes the rally may not be over.
Martinez noted that previous bearish signals have been invalidated, suggesting that the current trend remains intact. If bullish momentum continues, he identified potential price targets around $97 and $163.
These projections have contributed to growing speculation that HYPE could eventually reach triple digit valuations if market conditions remain favorable.
Institutional Attention Continues to Grow
Optimism surrounding Hyperliquid extends beyond retail traders.
Matt Hougan recently described Hyperliquid as one of the most significant crypto projects launched in recent years. He argued that the platform has evolved into a financial “super app” capable of providing access to a wide range of asset classes beyond cryptocurrencies.
Hougan also highlighted Hyperliquid’s tokenomics, particularly its buyback-focused model, which is designed to generate value for token holders from the outset. Based on these characteristics, he suggested that HYPE may still be undervalued despite its impressive performance.
ETF Demand Reflects Strong Investor Interest
Investor enthusiasm is also becoming evident in the exchange traded fund market.
After 21Shares introduced the first U.S. spot Hyperliquid ETF under the THYP ticker, Bitwise launched its own product, BHYP.
According to data from SoSoValue, the two funds have attracted substantial inflows since their launches. THYP has accumulated more than $57 million, while BHYP has drawn nearly $80 million in investor capital.
The strong demand for these investment products highlights growing institutional confidence in Hyperliquid and reinforces the view that HYPE is becoming an increasingly important asset within the broader cryptocurrency market.
As social engagement, trading activity, and institutional participation continue to rise, many investors are closely watching whether Hyperliquid can maintain its momentum and justify the increasingly bullish expectations surrounding the project.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
