Hyperliquid’s HYPE token surged over 11% to reach $87.95, coming within 2% of its all-time high of $89.70. Open Interest hit $7.29 billion with a 24-hour token volume of $1.44 billion. A whale holds a $119.66 million long position with 5x leverage, with an average entry price at $38.68. A break above $89.70 could push HYPE into price discovery, while rejection could see support at $80.84.
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