Hyperliquid (HYPE) Price: Token Hits New All-Time High as Whale Buying and Buybacks Fuel $100 Target
TLDR
- HYPE hit a new all-time high of $88, up over 51% in the past month
- A mystery whale has accumulated 2.9 million HYPE tokens worth over $220 million
- Hyperliquid has spent $379 million buying back HYPE tokens in 2026
- Price is trading above key moving averages, with the $100 level as the next major target
- Trump’s mention of a potential US launch for the Hyperliquid exchange boosted investor sentiment
Hyperliquid’s native token HYPE reached a new all-time high of $88 on September 4, 2026. At the time of writing, HYPE is trading at $85.78 with a 24-hour volume of $1.53 billion and a market cap of $21.63 billion. The token has gained 5.2% in 24 hours and more than 51% over the past month.
The rally follows a sharp recovery from a bottom near $50 in early August. HYPE has since climbed toward the $90–$95 resistance zone, with traders eyeing the $100 psychological level as the next key target.
Several factors helped push HYPE to its new high. The Hyperliquid exchange saw a surge in users earlier this year as traders used the platform to trade oil futures, drawn by its 24/7 availability. Higher trading activity led to more fee collection, which the protocol channels into buying back HYPE tokens, reducing circulating supply.
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