According to Bijié Wǎng, the HYPE token, native to the Hyperliquid blockchain platform, surged over 1600% in 2025, peaking at $60 by year-end. The rally was driven by protocol upgrades, retail speculation, and institutional interest, though concerns remain about its sustainability amid macroeconomic uncertainty and regulatory challenges. Hyperliquid's HyperEVM and HyperCore upgrades improved transaction speed and decentralization, while HIP-3 enabled permissionless perpetual market creation. The platform's TVL is projected to grow from $400 million to $5 billion by 2025, attracting liquidity providers with an 11% annualized yield. Retail FOMO and viral narratives further fueled the rise, despite a 18% single-day drop in 2025. The Federal Reserve's hawkish stance and a 39.54% decline in HYPE's price following a 2.3% PCE inflation report highlighted its sensitivity to macroeconomic factors. A token unlock on November 29, 2025, and three major market manipulation incidents, including a $4.9 million loss from a POPCAT token attack, raised concerns about sustainability. Institutional caution, reflected in the 21Shares HYPE ETF application and a $1 billion HYPE Digital Asset Treasury, contrasts with retail FOMO, creating market volatility. The token's long-term viability depends on resolving chain vulnerabilities, regulatory clarity, and macroeconomic stability.
HYPE Token Surges 1600% in 2025 Amid Speculation and Risks
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