Hyperliquid (HYPE) Price: Token Hits New All-Time High as VanEck CEO Shows Support
TLDR
VanEck CEO Jan van Eck publicly backs Hyperliquid, confirming ownership and ecosystem participation for several months
Hyperliquid prepares to launch native stablecoin USDH with proposals from major firms like Paxos and Frax Finance
HYPE price reaches new all-time high of $53.44, up over 1,200% from 2024 lows
Technical analysis shows HYPE testing $50-$52 resistance with potential breakout toward $60-$70 targets
Strong on-chain metrics and RSI reset support bullish momentum as weekly support holds above $42
Hyperliquid’s HYPE token has reached a new all-time high of $53.44 as institutional interest grows around the decentralized perpetual exchange. The price surge comes after VanEck CEO Jan van Eck publicly endorsed the platform and confirmed his firm’s participation in the ecosystem.
Van Eck posted on X that VanEck has been owners of HYPE tokens for several months. He praised Hyperliquid’s technology and decentralized governance model while expressing eagerness to contribute through research and governance participation. This backing from a traditional financial institution signals growing institutional adoption of decentralized platforms.
Dear Hyperliquid community,
We are impressed by your product, the technology, the decentralized governance, and the method of your rollout.
And we think we can be part of a trusted, compliant solution.
We provide research to the community, for free, in an effort to be…
— Jan van Eck (@JanvanEck3) September 8, 2025
The CEO’s endorsement arrives as Hyperliquid prepares to launch its native stablecoin, USDH. Six organizations have already submitted governance proposals to play roles in issuing or managing the new asset. Major players like Paxos have suggested models where 95% of reserve interest would fund HYPE token buybacks.
DeFi platform Frax Finance has also proposed minting USDH against its frxUSD, USDC, USDT, and dollar reserves. Their plan would direct reserve earnings toward staking rewards or HYPE buybacks. Sky co-founder Rune Christensen has pitched a customizable token offering yields comparable to U.S. Treasury bills.
The HYPE price climbed over 8.5% in the past 24 hours to reach its record high. Trading volume hit around $570 million daily across exchanges like Bitget and Bybit. The token has gained more than 1,200% from its late 2024 lows.
Technical Analysis Points to Further Gains
Technical indicators suggest HYPE could continue its upward trajectory. The token is testing resistance between $50 and $52, forming an ascending triangle pattern on daily charts. Each retest of this ceiling has shown stronger buyer participation.
$HYPE new ATH could be inbound sooner than we think
Another retest of this overhead resistance. pic.twitter.com/wvQG3Z1Bil
— Greeny (@greenytrades) September 8, 2025
On-chain data reveals Hyperliquid’s absorption ratio has been declining while price climbs. This typically indicates reduced sell pressure, creating room for easier price movement upward. Consistent buy support reinforces bullish momentum despite periodic selling attempts.
The weekly chart shows HYPE holding firm above crucial $42 support during recent consolidation. The weekly RSI has reset completely and started climbing again. This reset often signals cleared excess momentum and preparation for another move higher.
Institutional Interest Grows
Lion Group Holding Ltd. recently disclosed plans to swap Solana and Sui holdings into HYPE tokens. The company attributed this reallocation to BitGo introducing custody services for HyperEVM assets. This institutional capital flow adds to the token’s demand base.
Hyperliquid recorded over $106 million in lifetime revenue through August. This represents a 23% increase from July’s $86.6 million. The platform continues building its position as a leading decentralized perpetual exchange.
Analysts predict HYPE could target $60 to $70 levels if it breaks above the $52 resistance zone. The combination of USDH revenue buybacks, steady demand, and improving technical indicators supports this bullish outlook.
Current market conditions show buyers absorbing supply consistently near resistance levels. The $46-$47 support region remains intact, maintaining the bullish structure for potential breakout attempts.
VanEck’s backing and growing institutional proposals for USDH management have pushed HYPE to current levels around $48.66.
The post Hyperliquid (HYPE) Price: Token Hits New All-Time High as VanEck CEO Shows Support appeared first on CoinCentral.
Filed under: News - @ September 9, 2025 8:28 am