Coin Check – HYPE Hyperliquid – 17 February 2025
By Abhishek Chauhan
Today’s Coin of the Day is HYPE, the token powering Hyperliquid, the decentralized perpetual exchange shaking up the market.
? Price: $25.63 | Rank: #20
? Market Cap: $8.55B | FDV: $25.63B
? ATH: $35.02 | Average Daily DEX Trading Volume: $5-20B
What is Hyperliquid?
Hyperliquid is a next-gen perpetuals DEX running on its own Layer 1 blockchain, offering:
✅ Zero gas fees
✅ One-click trading—no wallet approvals
✅ Up to 50x leverage
✅ AI-powered risk management
✅ Custom perpetual markets
✅ Order book model—no LP issues
Founded by Jeff Yan, an ex-Hudson River Trading high-frequency trader, Hyperliquid is ranked #1 in the derivatives sector. Tokenomics for Hype token is 31% distributed at genesis as an Airdrop, 38.88% as future rewards. 23.8% to current and future core contributors, a total of 76.2% to the community.
Why is HYPE Pumping?
? More than 1700% Price Surge – From $2 to $35.25 within 3 weeks of launch!
? Massive Airdrop – 310M tokens distributed, fueling demand.
? Record-Breaking Trading Volume – $8.5B in 24H trades.
? Whale Activity – Big buyers securing positions.
? Token Burn & Buyback – $4M worth of HYPE repurchased.
? Influencer Shilling – Adin Ross & his 50K followers pushing HYPE.
Market Outlook
? Key Support: $19 | Breakout Zone: $28.5
? Price Target: $30 (short-term) | Fair Value Estimate: $72
Hyperliquid is a true Binance alternative in DeFi, offering a trustless, high-speed trading experience. With scaling adoption, strong tokenomics, and deep liquidity, HYPE could be one of the biggest narratives in 2025.
? Bullish or not, HYPE is one to watch!
That’s it for Coincheck—stay tuned for more!
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