Hyperliquid Hits All-Time High at $38: What’s the HYPE Behind the $13 Trillion Rally?

The decentralized derivatives exchange Hyperliquid is capturing market attention as its native token, HYPE, approaches new all time highs near the $40 mark on Sunday May 25. On-chain insights show the rally was fuelled the media buzz surrounding a billion-dollar Bitcoin bet reversal by a prominent whale trader.