HYPE Crypto Reaches Record High: Surpassing SOL in Q4?
The HYPE crypto asset reached a new all-time high this week, as institutional interest and new contributions to the Hyperliquid ecosystem brought it to the forefront. Will it surpass SOL in Q4? Here’s the breakdown.
This week, the HYPE price surged to an all-time peak of $55.04 on September 9.
This increase was driven by heightened institutional interest and fresh investments in the Hyperliquid ecosystem, which attracted more market fluidity to the crypto token, placing it within the top 15 digital currencies by trading market capitalization.
Meanwhile, Solana continues to maintain its value around the $215-$220 area with robust activities in both the spot and derivatives markets. As the sixth-largest digital currency by trading market capitalization, SOL remains a strong candidate for Q4 performance, providing a direct comparison with HYPE’s recent surge.
(Source – SOL USDT, TradingView)
DISCOVER: 9+ Best High-Risk, High-Reward Cryptos to Buy in September 2025
HYPE Price Analysis: Is the Current HYPE Uptrend Indicative of Further Progress in Q4?
The 4-hour chart for HYPE indicates strong upward momentum.
Following weeks of consolidation within the $44 to $47 range, the crypto token experienced a breakout in early September, decisively moving above the 50-day EMA at $48.15 and the 100-day EMA at $46.74.
This crossover sparked a considerable buying wave that propelled the price beyond $53, marking its most significant rally in recent times.
(Source – HYPE USDT, TradingView)
This movement was corroborated by increasing trading volumes and consecutive green candles, indicating strong buyer confidence.
Price ceiling emerged around $54, causing a slight pullback to $53, but selling pressure has remained mild.
With the shorter EMA positioned above the longer line, the optimistic structure continues to hodl.
The breakout has also converted the $44-$47 zone from resistance into a base level area. If the current momentum persists, the next target for breakout lies between $55 and $57.
On the downside, initial base level is located around $50, closely followed by the EMA cluster hovering around $47-$48. For now, trading market indicators suggest ongoing bullish control as long as volume remains high.
Currently, HYPE is trading at $53.4, reflecting a +5.6% increase over the last 24 hours.
DISCOVER: 20+ Next Crypto to Watch for Explosive Growth in 2025
Can the Bidding Competition and Institutional Support Propel HYPE Even Higher?
Lion Group, which is publicly traded on Nasdaq, has revealed that it will start converting its SOL and SUI assets into HYPE, Hyperliquid’s native crypto token.
This news comes as competition sharpens over governance of the platform’s proposed USDH stablecoin, a crucial component of its Decentralized finance ecosystem.
Ethena Labs has emerged as the sixth bidder to manage Hyperliquid’s USDH, with a detailed proposal submitted on Tuesday in a blog post.
This stablecoin will be fully collateralized by USDtb, a crypto token associated with BlackRock’s BUIDL fund and slated for issuance via Anchorage Digital Bank.
Ethena’s proposition includes redirecting 95% of reserve earnings back to the Hyperliquid community. Additionally, it proposes a node “guardian network” to be chosen by users, adding a layer of security to boost trust in the network.
As the bidding contest progresses, BitGo has introduced institutional custody base level for both HYPE and HyperEVM, enhancing credibility and potentially facilitating access for larger investors, especially those wary of custody risks in DeFi.
According to data from DefilLlama, Hyperliquid reported $106M in revenue for August, fueled by nearly $400Bn in perpetual futures volume.
Estimates indicate that the trading network currently dominates around 70% of the Decentralized finance perpetuals crypto market, reflecting strong fundamentals and increasing user trust.
VanEck’s CEO, Jan van Eck, has publicly commended Hyperliquid’s product design and governance framework on X.
Dear Hyperliquid community,
We are impressed by your product, the technology, the decentralized governance, and the method of your rollout.
And we think we can be part of a trusted, compliant solution.
We provide research to the community, for free, in an effort to be…— Jan van Eck (@JanvanEck3) September 8, 2025
His remarks coincided with HYPE reaching new price peaks, a moment viewed by many as endorsement from traditional financial circles.
On September 9, crypto investor James Wynn initiated a 10x leveraged long position on HYPE utilizing referral rewards. As per Lookonchain data, he has accrued over $117,000 in referral bonuses to date.
https://TWITTER.com/lookonchain/status/1965444540640428374
Unfortunately, this latest trade did not go as planned, leading to liquidation within 24 hours, similar to several of his prior HYPE trades. Traders have taken notice, with some humorously suggesting that trading against Wynn has become a sound strategy.
DISCOVER: 20+ Next Crypto to Explode in 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
The post HYPE Crypto Hits All-Time High: Outperforming SOL for Q4? appeared first on 99Bitcoins.
