Hyperliquid (HYPE) has extended its strong rally over the past two weeks, climbing more than 51% in just 14 days and pushing into fresh all-time highs near $64. Notably, the rally has come through sharp bursts of buying activity, including single-day gains of around 10% during recent sessions. At the time of writing, HYPE was priced near $63.57, just slightly below its record high of $64.27 set on May 24, 2026. Buybacks and trading activity are the main drivers of the rally A major factor behind HYPE’s rally is the way Hyperliquid structures value capture from its trading platform.
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