Hyperliquid (HYPE) is up 47% in the last seven days and 115% over the past 30 days, driven by surging trading activity and increasing market attention. The platform has entered the top five DEX chains by daily volume, boosted by high-profile trades and a dominant share in the perpetuals market. With its token approaching the $40 mark for the first time, upward momentum remains in play—but technical indicators suggest a possible short-term cooldown. Whether HYPE breaks into price discovery or pauses at resistance will be key to watch in the coming sessions
source: https://beincrypto.com/hyperliquid-overtakes-sui-market-cap-all-time-high/