Hyperliquid’s HYPE token briefly moved above $97 to a fresh high after gaining 2.85% in 24 hours and 27% over seven days, while the decentralized perpetuals exchange surpassed $7 billion in total value locked (TVL) and generated nearly $60 million in protocol revenue over the past month. Open interest reached a record $18 billion, and more than 48.86 million HYPE tokens have been permanently removed through the platform’s token-burn program. One wallet bought 373,730 HYPE for about $36 million, bringing its holdings near 4.7 million tokens valued at approximately $400 million. Market-based expectations for HYPE reaching $100 by the end of 2026 slipped to 82% from 86% in one day, but remained above 46% a week earlier.