HYPE Price Prediction: With Institutions Circling, Is Hyperliquid the Next Solana? 

Hyperliquid is one of the beneficiaries of an institution-driven market rally as the altcoin of choice among value holders, ranking third for 24-hour gains in the top 100 with a 20% HYPE price surge.

The token has climbed 235% since the mid-April market bottom, a move commentators have noted as a new phase of capital migration from centralized finance to DeFi.

Improving US-China trade sentiment and a credit downgrade of US sovereign debt by Moody’s have increased risk-on sentiment, with a weakening dollar opening up the “best cryptos to buy” conversation.

Hyperliquid On-Chain Activity Beats Out Rival Chains With Record Levels

Hyperliquid has hit a record-breaking open interest of $8.9 billion during Thursday trading, propelled by trader James Wynn’s headline-making $1.1 billion Bitcoin long using 40x leverage.

The platform also logged an all-time high in daily trading fees at $5.4 million and reported $3.2 billion in USDC total value locked, reflecting heightened activity across its markets.

Hyperliquid hit multiple all-time highs today, including:
+ Open interest: $8.9B
+ 24h fees: $5.4M
+ USDC TVL: $3.2B

Onchain, transparent markets are the future. pic.twitter.com/DBUWZZEkgk

— Hyperliquid (@HyperliquidX) May 22, 2025

The spike in fees is particularly noteworthy with Hyperliquid’s buyback scheme—allocating 97% of revenue to repurchase circulating HYPE tokens—creating deflationary pressure through artificial scarcity.

Industry watchers are calling this the beginning of a paradigm shift from centralised finance to DeFi—one where whales, not just retail, are willing to place big bets outside the traditional system.

🌊 Galaxy founder and CEO @novogratz praises Hyperliquid as a 'decentralized Nasdaq' with transparent profits, appealing to traditional equity investors.

Do you think @HyperliquidX can disrupt traditional exchanges? pic.twitter.com/UrlQs6ezUt

— Bitcoin.com News (@BTCTN) May 16, 2025

HYPE Price Analysis: Is Hyperliquid the Next Solana?

Estimates suggest that at the current pace, most of the total HYPE supply could be repurchased within 2 to 7 years, depending on market dynamics.

This aggressive buyback model has led investors to liken HYPE’s upside potential to Solana, which soared 10x from $20 in mid-2023 to $200 by early 2024.

The short-term pushes the HYPE price closer to this target as the breakout of a descending broadening wedge advances past key long-term resistance at $27.

However, momentum appears to be stalling at that $32 resistance.

The daily RSI has made a sharp surge above the oversold threshold at 77, often a precursor to corrections as buying pressure reaches exhaustion.

A retest of a past resistance zone as support at $0.685, in line with the 0.786 Fib retracement level, could mark a correction bottom if bulls fail to defend the current level.

Despite this, the MACD remains bullish. The line continues to hold above the signal line—avoiding a death cross on multiple occasions—and is now widening its lead, suggesting room for further upside.

If momentum returns, the breakout pattern sets up a price target around $46, implying a potential 48% rally from current levels.

This New ICO Is Shaking Up the Self-Custody Market

Best Wallet ($BEST) is a non-custodial crypto wallet that introduces a set of new and robust features to challenge the dominance of existing solutions like MetaMask and Exodus.

This Web3 storage solution supports assets in more than 50 blockchains and offers low fees for swaps.

It also introduces tools like “Upcoming Tokens”—a crypto screener that allows users to identify and invest in top ICOs while they are still flying below most investors’ radars.

The upcoming Best Card takes the place of the traditional debit card, allowing seamless real-world transactions using stablecoins anywhere that Mastercard is accepted.

Best Wallet is already making waves, raising over $12.5 million in the presale for its new $BEST utility token. Its app is already featured on Google Play and the App Store.

To learn more about Best Wallet, follow its official X, Telegram, or visit the Best Wallet website.