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- Hyperliquid surged 8.41% after rebounding from key support zones and strong technical indicators confirmed bullish momentum.
- BitGo’s institutional custody integration fuels market confidence, aligning with growing onchain trading demand and protocol upgrades.
The Hyperliquid Token (HYPE) has recorded an 8.41% increase in the past 24 hours, fueled by strong sentiment from two directions simultaneously: solid technical improvements and BitGo’s entry as a custody provider for institutions.
This combination appears to be enough to boost market confidence, especially among derivatives traders and potential large investors.
At the time of writing, data from CoinMarketCap shows that HYPE has successfully bounced off two key supports: the 50-day simple moving average around $45.20 and the 20-day exponential moving average at $47.50.
More interestingly, the MACD indicator shows a bullish divergence with a value of 0.82 compared to the signal line of 0.59. The Relative Strength Index (RSI) is also at 58.93—healthy enough to be considered neutral or bullish. This means that the rally is likely to continue if the price can break through the swing high of $49.56.
Institutional Doors Open Wider for Hyperliquid
What makes this news even more exciting is the arrival of BitGo. This custody service now officially supports Hyperliquid, meaning institutions can store, manage, and access HyperEVM with a high-level security system.
Whether it’s a self-custody wallet or needs for dApps and governance, everything is now more accessible.
BitGo custody for $HYPE is now live. Institutions can securely access HyperEVM with qualified custody, self-custody wallets, and scalable infrastructure for governance assets and dApps.
BitGo brings the security needed to participate in the highest-performance onchain trading… pic.twitter.com/1FNzzVRMzE
— BitGo (@BitGo) August 26, 2025
On the other hand, what many may not realize is how BitGo’s move seems to mark the beginning of a new wave of institutional entry. Last June, we highlighted Lion Group’s plan to make HYPE the core asset of its $600 million crypto treasury plan.
The whale activity that has emerged around HYPE since then cannot be ignored. Is this a sign of warming up before the big launch? It could be.
Furthermore, data from CNF reveals that Hyperliquid has processed over $1.5 trillion in perpetual futures volume over the past year, with a record monthly high in May. More interestingly, over 92% of the revenue from these activities goes to HYPE’s buyback program—a practice that helps reduce market supply and deepen liquidity.
This strategy appears to be working: since July, the protocol has bought back 29 million HYPE tokens, reducing the circulating supply by 8.7%. Their derivatives’ open interest has also reached $12.1 billion.
Arthur Hayes Throws a Bold Forecast Into the Mix
Another name has boosted the project’s popularity: Arthur Hayes. At WebX2025, the BitMEX founder made a rather surprising prediction.
According to Hayes, HyperliquidX (HYPE) has the potential to increase up to 126x. This projection is no mere guess. Hayes estimates that the stablecoin supply could reach $10 trillion by 2028, and if Hyperliquid were able to capture 26.4% of that market, the daily volume processed could reach $2.636 trillion.
With a fee of 0.03%, HYPE’s annual revenue could reach $25.8 billion. Compare this to its current FDV of around $41 billion—if you calculate it, the discounted terminal value still indicates a long-term revenue potential of $5.16 billion.
However, this euphoria is not without risks. The token’s volatility in the last 90 days remains around 78%. Therefore, investors considering entering should consider their timing and entry level with extreme caution.
