Hyperliquid Surges 5% as Hypurr NFTs Launch
Hyperliquid (HYPE) is currently trading at $47.23, marking a 5% increase in the past 24 hours. This uptick follows a week of fluctuating prices, which dipped as low as $43 before recovering towards the $50 mark. Over the last 30 days, HYPE has seen a 7% rise, though it remains 20% below its all-time high of $59.30.
Daily trading volume has surged by 11%, reaching $522 million. CoinGlass data reveals that Hyperliquid futures volume climbed 13.85% to $1.8 billion. However, open interest increased only slightly by 0.61% to $2.28 billion. This indicates a rise in short-term trading interest rather than long-term commitments.
The launch of Hypurr NFTs on september 28 has sparked new activity within the Hyperliquid ecosystem. these cat-themed digital collectibles were deployed on the HyperEVM, with most distributed to early users from the Genesis Event in november 2024.
- Hypurr NFTs launched with a floor price of about $68,700.
- One NFT sold for over $467,000 shortly after launch.
- Security researcher ZachXBT reported a theft of eight NFTs worth about $400,000.
Technically, HYPE is trading between $44 and $47, with $44 as a strong support level and $50 as key resistance. A relative strength index of 46 suggests neutral momentum. If HYPE breaks $50 with strong volume, it could retest the September high of $59. However, a drop below $44 could lead prices towards the $30 region.
