HYPE hits record above $90 as Hyperliquid launches manual borrowing
60-second summary
Hyperliquid launches manual borrowing, pushing HYPE to a record $90.92 as users can now borrow stablecoins using HYPE or Bitcoin as collateral. The new feature expands liquidity options, attracting traders seeking leverage without selling assets. Consequently, heightened demand lifts HYPE’s price, signaling broader market appetite for flexible borrowing mechanisms in crypto.
HYPE hit a record $90.92 after Hyperliquid opened manual borrowing, letting users borrow stablecoins against HYPE and Bitcoin collateral.