Key Highlights
- HYPE surged to an all-time high of $88, registering gains exceeding 51% over the past 30 days
- An unidentified large holder has amassed 2.9 million HYPE tokens valued at more than $220 million
- The Hyperliquid protocol has executed $379 million in HYPE token buybacks during 2026
- Technical indicators show price momentum above critical moving averages, with $100 emerging as the next significant milestone
- Market sentiment received a boost after President Trump discussed potential US expansion for Hyperliquid exchange
The native cryptocurrency of Hyperliquid, HYPE, established a fresh all-time high at $88 on September 4, 2026. Currently, HYPE is valued at $85.78 with daily trading volume reaching $1.53 billion and a market capitalization of $21.63 billion. The digital asset has appreciated 5.2% in the last 24 hours and posted gains surpassing 51% throughout the previous month.
This upward movement represents a significant rebound from levels near $50 recorded in early August. HYPE has steadily advanced toward the $90–$95 resistance zone, with market participants monitoring the psychologically important $100 level as the subsequent major objective.
Multiple catalysts contributed to HYPE achieving its latest peak. The Hyperliquid trading platform experienced substantial user growth earlier this year as market participants flocked to trade oil futures contracts, attracted by the platform’s round-the-clock operation. Increased trading volumes generated higher fee revenue, which the protocol systematically uses to repurchase HYPE tokens, effectively decreasing the available supply.
During a cryptocurrency-focused event at the White House, President Trump revealed that CFTC Chairman Michael S. Selig is actively pursuing efforts to establish Hyperliquid exchange operations within the United States. While no specific timeline was provided, this announcement significantly improved market confidence.
Market analyst Jelle emphasized HYPE’s robust upward trajectory, commenting on the token’s substantial gains since previous accumulation zones. Several traders are strategizing to secure partial profits approaching $100 while maintaining the majority of their holdings in anticipation of extended price appreciation.
Here’s my next look at $HYPE.
The local top for Hyperliquid seems to be in, confirmed by a bearish divergence.
The target to buy on retest would be the previous resistance level sitting in the low $70s.
Pay attention now. https://t.co/QLy6kSUz6e pic.twitter.com/Kf8gjwKSQg
— BATMAN
Nevertheless, some market observers maintain caution regarding near-term prospects. Cryptocurrency analyst BATMAN identified a bearish divergence pattern at the recent local peak and recommended monitoring the $70 zone as a critical support level for potential re-entry into long positions.
Major Holder Accumulation Boosts Market Confidence
Blockchain analytics provided by Lookonchain reveal that an unidentified wallet designated as 0x6436 has been systematically accumulating HYPE. This address initially acquired 1.28 million HYPE at approximately $70 three months prior, investing roughly $89.13 million. Throughout the most recent 10-day period, this wallet purchased an additional 1.62 million tokens at a mean price of $82.40, representing approximately $133.8 million in capital deployment. The address currently controls approximately 2.9 million HYPE tokens.
Token Repurchase Program Dominates Cryptocurrency Sector
Statistics from Hyperliquid Daily indicate the protocol has allocated $379 million toward HYPE token repurchases thus far in 2026, positioning it as the cryptocurrency industry’s most substantial buyback initiative this year, surpassing both Pump.fun and Sky.
From a technical perspective, HYPE maintains trading positions above its 20-day exponential moving average at $77.76 and its 200-day exponential moving average at $55.84. Bollinger Bands are expanding, indicating heightened market volatility, with the upper band positioned near $95.46.
The immediate challenge centers on whether purchasing momentum can successfully breach the $90–$95 resistance zone.
The post Hyperliquid (HYPE) Surges to Fresh Record as Massive Whale Accumulation and Protocol Buybacks Drive $100 Rally appeared first on Blockonomi.
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