HYPE briefly surpassed $70 on May 31, setting a new all-time high according to HTX data, before easing to $69.845, still up 6.4% over the previous 24 hours. At the same time, flow data from hl.eco suggested weakening underlying demand: 24-hour TWAP net buy fell to $3.91 million from about $54 million in projected 24-hour net buying earlier in the day, and the most recent hour showed net selling of $202,000. The move indicates HYPE reached a record price even as buy-side momentum softened.