HYPE (Hyperliquid) rose 4.09% in the last 24 hours.

Gate News Bot news, on October 30, according to CoinMarketCap data, HYPE (Hyperliquid) is currently priced at $49.39, rising 4.09% in the last 24 hours, with a high of $49.95 and a low of $38.83. The 24-hour volume reached $859 million. The current market capitalization is approximately $16.629 billion, an increase of $654 million compared to yesterday.

Hyperliquid is a blockchain platform designed to accommodate all financial operations. The flagship application of the platform is a decentralized exchange that offers low fees, up to 40x leverage, and a fully on-chain order book, among other features. Hyperliquid utilizes a block time of 0.07 seconds, with a maximum TPS of 200,000 and a daily trading volume of $8.4 billion. The project emphasizes community first, allowing anyone to own, govern, and protect the Hyperliquid network through HYPE tokens.

Important news about HYPE recently:

1️⃣ Large investors continue to increase HYPE long positions Multiple large investors have recently increased their long positions in HYPE on the Hyperliquid platform. One investor holds 1,017,818 HYPE tokens, equivalent to a long position of 39.68 million USD. This indicates that institutional investors are optimistic about the long-term value of HYPE, which may provide support for the token price.

2️⃣ Platform trading activity remains high Hyperliquid and Solana together account for approximately 53% of the current revenue-generating on-chain economic activities. Multiple large transactions frequently occur on the platform, such as one investor clearing HYPE over 10 months for a profit of 23.83 million USD, and another investor opening a total position of over 29 million USD in BTC and HYPE long positions within 12 hours. These activities reflect that the liquidity and trading activity on the Hyperliquid platform remain at a high level.

3️⃣ Token buyback plan continues to advance Since 2025, the HYPE buyback amount has reached $644.6 million, ranking first among various projects. The large-scale buyback plan helps reduce market circulation, providing long-term support for the HYPE price.

From a technical perspective, the HYPE price has shown a rising trend in the past 24 hours, but it has not yet broken through the 50-dollar mark. Investors should pay attention to the resistance level around 49-50 dollars and the support level around 38-39 dollars. Fundamentally, the continued optimism of institutional investors, the maintenance of platform activity, and the advancement of the token buyback plan provide multiple positive factors for HYPE.

This message does not constitute investment advice, and investors should be aware of market volatility risks.