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#HYPEOutperformsAgain Hyperliquid's HYPE token reached a record high of $59.30 on Thursday.
Over the past 24 hours, $33.5 million in short positions were liquidated, indicating a strong upward price movement.
The long/short ratio dropped to 0.89, and funding rates turned negative, showing that most traders were positioned against the rally.
Despite bearish sentiment, HYPE surged 16.5% in the last 24 hours, making it a standout performer in the crypto market.
Hyperliquid generated more than $896 million in revenue over the past 12 months.
97% of trading fees were used for HYPE buybacks, supporting the token’s value.
Date of News: May 22, 2026
If you need more details about HYPE or Hyperliquid, feel free to ask!