Hyperliquid rallies to record highs as VanEck reveals ownership | Credit: Hameem Sarwar
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Key Takeaways
Hyperliquid price surged to a new all-time high as active users on HyperEVM and HyperCore jumped to 181,500.
VanEck praised the tech, decentralized governance, and rollout, confirming it has held HYPE for months.
HYPE’s social dominance hit 2.06%, while weighted sentiment flipped strongly positive — its highest since July.
After posting a 25% increase over the past 30 days, Hyperliquid’s (HYPE) price has reached a new all-time high of $55.
This development came shortly after Jan VanEck, founder of asset management firm VanEck, revealed that the company was bullish on the altcoin.
Amid this development, bullish sentiment around HYPE has increased. Interestingly, this comment may also allow Hyperliquid’s price to hit higher highs.
Here is why.
Hyperliquid Gets Key Backing
For weeks, Hyperliquid’s price hovered just below the psychological $50 mark, unable to break through. That changed on Sunday, Sept. 6, when it briefly surged to $50.65.
The rally didn’t stop there. Earlier today, the altcoin set another all-time high after VanEck publicly revealed its position on the cryptocurrency.
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“We are impressed by your product, the technology, the decentralized governance, and the method of your rollout. And we think we can be part of a trusted, compliant solution. We provide research to the community, for free, in an effort to be helpful to builders and investors. There may be pros and cons — in fact, there should be pros and cons — for any piece of research. We are bullish Hyperliquid. We are owners (and have been for several months),” VanEck said.
Adoption Soars
But that’s not the only driver behind Hyperliquid price rally. On-chain data from Token Terminal reveals that weekly active users on HyperEVM and HyperCore have surged to an all-time high of 181,500.
HyperEVM functions as a high-performance, Ethereum Virtual Machine–compatible environment.
HyperCore, on the other hand, powers the network’s consensus and execution layer. It’s designed for speed, scalability, and resilience, handling transactions efficiently while ensuring network security.
When active user metrics rise, they point to stronger fundamentals: higher transaction volumes, more fee generation, and a healthier, more engaged community.
From a price perspective, if this metric continues to rise, then HYPE’s price might rise to new highs.
Amid all these developments, Hyperliquid’s social dominance has jumped to 2.06%. This means the project is capturing a bigger share of conversations across the crypto space.
More eyes, more hype, more potential demand. At the same time, Weighted Sentiment has flipped positive, hitting its strongest level since July 23.
HYPE Social Dominance and Weighted Sentiment | Credit: Santiment
When social buzz and sentiment align, price follows as rising visibility brings in new buyers. Hence, if this trend remains the same, Hyperliquid’s price next move could be over $60.
HYPE Price Prediction: Higher
From a technical standpoint, the 4-hour chart shows HYPE breaking above the upper trendline of a symmetrical triangle—a classic breakout signal.
Momentum indicators confirm the bullish setup. The Money Flow Index (MFI) has surged to 80.83, reflecting strong inflows, while the MACD has printed a bullish crossover, suggesting upward momentum is gaining strength.i
If this trend holds with no major resistance, Hyperliquid’s price could climb toward a new high of $67.
However, traders should remain cautious. If selling pressure builds, the rally could reverse, with support at $47.57 becoming the key level to watch, possibly invalidating the bullish outlook.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
