HYPE rose above 68 USDT to a new all-time high of 68.5, gaining more than 10.4% in 24 hours and over 50% in two weeks. Its market capitalization reached $15.2 billion, ranking it 11th, while fully diluted valuation climbed to $65.4 billion. The rally intensified pressure on major bearish positions, with trader Loracle showing a $36.6 million unrealized loss on a $114 million HYPE short, while whale address 0x082 held a $40.69 million unrealized gain on a $94 million leveraged long.