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HYPE briefly touched $47, setting a new all-time high

BlockBeats News, July 12th, according to market data, HYPE briefly touched $47, currently trading at $46.86, hitting a new all-time high.


Previously, Hyperliquid's open interest for perpetual contracts surged past $10.6 billion, setting a new all-time high.

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When HYPE Becomes Market Consensus, Where Does the Buying Pressure Come From?
Arthur Hayes' price target for HYPE in August 2026 is $150.
HYPE is no longer simply seen as a high-performance perpetual DEX token, but as an on-chain transaction system.
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