HYPE token sets new record high above $60 amid rising Wall Street demand for Hyperliquid

The Block·

HYPE token sets new record high above $60 amid rising Wall Street demand for Hyperliquid

60-second summary

HYPE token is setting a new record high above $60 as Wall Street demand for Hyperliquid rises. Grayscale-linked wallets have accumulated over $40 million worth of HYPE in the past week, a significant surge in institutional interest.

Of note, Grayscale-linked wallets reportedly accumulated over $40 million worth of HYPE over the past week.