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Hyperliquid has overtaken Sui in terms of market capitalization.
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While major coins like Bitcoin and Ethereum fell, HYPE gained 4,1% in a week of red.
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In the last few days, whale investments totaling over $37 million have been poured into HYPE.
Hyperliquid (HYPE), a cryptocurrency that is rapidly climbing the ranks, has been gaining popularity in the crypto-world. It was once a little-known cryptocurrency project that was outside the top 50. Now, it has soared into the top 11 cryptocurrencies based on market cap. This includes major players such as Chainlink, Avalanche and Toncoin.
Hyperliquid stands out in a market that has been mostly in red. While Bitcoin, Ethereum and Solana all saw losses last weekend, HYPE climbed by 4.1%. SUI, on the other hand, took a big hit, dropping nearly 12% in one week and 23% this year.
Top Profitability and Soaring volume Signal Network Strength
Hyperliquid’s growth is impressive. Hyperliquid’s current market cap is $11.63 billion. This surpasses Sui’s previous $10.26 billion.
Hyperliquid had already recorded an astonishing $244 billion trading volume in May 2025. It also generated $64 millions in revenue, the most among all blockchain platforms.
Related:Bitcoin analysis: Corporate Treasuries swell as on-Chain activity points upward
Big Investors Are Jumping In
Crypto whales are also showing an increasing interest. In the last 48 hours, one whale who had been away for two years bought $4 million of HYPE tokens.
Eight other whales had invested more than $33 million into the token before this. This massive buying by big players has boosted the confidence in HYPE.
Smart Tokenomics Driving the Surge
Hyperliquid’s success could be due to its clever tokenomics. Unlike other cryptocurrencies that are plagued by inflation or insider token dumping, HYPE has a deflationary system. A portion of platform fees is used to burn and buy back HYPE tokens. This reduces the total supply over the course of time.
The entire token supply has been reserved for the community. The supply is not controlled by large venture capital firms, so there is less risk of sudden sales.
Hayes believes in Hyperliquid’s future
Even Arthur Hayes, a popular crypto investor, has taken note of HYPE.
Related: Why SUI could be the new Solana in this cycle
He said recently that Hyperliquid’s market cap could eventually surpass that of Solana and predicted that the HYPE token would reach $100 in the future.
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