With New ATH at $46.74, Will HYPE Soar to $100 by 2025?

• HYPE price surged to a new all-time high, thus potentially entering its parabolic phase of the 2025 bull rally.
• The Hyperliquid platform has grown to a vital DEX focused on perpetual futures trading with over $10 billion in Open Interest.
• The majority of Polymarket traders doubt whether HYPE could reach $100 by the end of 2025.

Hyperliquid (HYPE) surged to a new all-time high (ATH) of $46.74 in the past 24 hours, entering its price discovery phase during the ongoing 2025 crypto bull market The large-cap altcoin, with a fully diluted valuation of about $46.7 billion, surged 2.2% in value, following Bitcoin’s breakout to $118K. Following the update, the Polymarket shows a 19% chance that HYPE will hit $100 by the end of 2025.  

However, while the odds for HYPE to hit $100K remains modest, a majority of bets show investors rooting for the price to hit $50 in 2025, with an imminent listing on Coinbase Global Inc. (NASDAQ: COIN). Furthermore, the DEX, which focuses on perpetual futures trading, has pushed HYPE to the 12th largest digital asset by market cap in less than a year.

Hyperliquid Records Robust Fundamentals 

According to on-chain data, the HYPE token has attracted more attention from both retail and whale investors in the recent past. For instance, a newly created address withdrew 118,856 HYPE at an average price of $46.27 per token over the past 24 hours, while the Assistance Fund, Hyperliquid’s treasury fund, purchased around 81,060 HYPE tokens from the secondary market in the last 24 hours. As a result, the Hyperliquid’s Assistance Fund currently holds 26,097,438.13 HYPE tokens, worth around $1.205 billion.

Trading activity on the Hyperliquid platform remains strong. According to Defillama data, the platform recorded about $470 million in traded volume during the past 24 hours, placing it in the eighth spot in daily average volume among decentralized exchanges.

Analysts Take on HYPE Price

Having entered its price discovery phase, HYPE price is well-positioned to experience a parabolic rally in the coming months. According to crypto trader alias KNIGHT on X, the price of HYPE will reach $100 before the end of 2025 fueled by robust fundamentals and speculative momentum.

However, the bullish midterm outlook could weaken if HYPE fails to maintain support between $31 and $37 in the coming weeks. Further, technical indicators like the daily MACD indicator, which recently flashed a buy signal, could help trade HYPE with confidence amid heightened volatility.

Related: $40 Million in HYPE Unstaking as Kinetiq Launch Nears, Market Shows Bearish Signals