The price of Hyperliquid (HYPE) token saw a significant surge after its anticipated airdrop. It spiked to $4.56 from a low of $3.81, bringing its market capitalization to $1.5 billion. This increase pushed Hyperliquid to become the 85th largest cryptocurrency. The rally coincided with the overall cryptocurrency market rally, with Bitcoin and other top-performing cryptocurrencies experiencing gains. Hyperliquid's strong presence in perpetual futures trading and its impressive trading volume have contributed to its rise. It has processed a cumulative trading volume of $429 billion, capturing a 27% market share. The token's performance may mirror other successful exchange tokens like Uniswap and Raydium. Additionally, the HYPE token is expected to receive support from centralized exchanges, further boosting its popularity and potential. The ongoing cryptocurrency rally, with Bitcoin potentially reaching $100,000, also presents a favorable environment for the HYPE token to continue its upward trajectory, potentially reaching $10.



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