Can It Sustain Its Rally?

Hyperliquid (HYPE) is experiencing a steep price surge, while the larger market is struggling. According to CoinGecko data, HYPE’s price has risen by 17.4% in the last 24 hours, 47.3% in the last week, 33.3% in the 14-day charts, and 36.7% over the previous month. Hyperliquid’s (HYPE) price has also rallied by 114.6% since May 2025, and is currently down by just 5.5% from its all-time high of $59.3. Let’s discuss if the rally can sustain itself.

Why Is Hyperliquid Rallying, And Will It Hit A New All-Time High?

Hyperliquid’s (HYPE) latest price surge comes amid high ETF inflows. According to Bloomberg ETF analyst Eric Balchunas, 21Shares’ THYP and Bitwise’s BHYP have seen a 50% jump in volume, seeing a combined trading volume of $40 million. The ETF launches seem to have garnered substantial interest. ETFs have become a key price driver in the crypto sector, as seen in the case of Bitcoin (BTC) and Ethereum (ETH) in 2025. Both assets climbed to new peaks thanks to increased ETF inflows.

Goldman Sachs also revealed an investment in Hyperliquid-related initiatives in its latest 13F filing with the SEC. The bank has purchased 654,630 shares of Hyperliquid Strategies Inc. (PURR), worth around $3.3 million.

Given Hyperliquid’s (HYPE) close proximity to its peak price, there is a high chance that the asset will climb to a new all-time high very soon. If ETF inflows continue to surge and sentiment remain high, the asset could potentially even breach the $70 mark.

Also Read: Can Bitcoin Ever Overtake Gold’s Market Cap?

Despite the rally, there are bearish forces that could pose challenges to Hyperliquid’s (HYPE) upswing. Inflation data recently came in higher than expected. Crude oil prices are surging and bond yields are also going up. The development has significantly diminished the chances of an interest rate cut. Hyperliquid (HYPE) could potentially face a correction if rates remain high and macroeconomic worries persist.