Hyperliquid Price Targets $20 and Beyond as HYPE Airdrop Rumors Resurface

Hyperliquid’s token worth is buying and selling at round $19 on the time of this writing and all eyes are on the most important technical and psychological resistance situated at $20. The cryptocurrency is up virtually 4% for the previous 24 hours and presently sits on a market capitalization upwards of $6 billion, in line with CoinGecko.

HYPE Worth Eyes $20

HYPE has been one of many best-performing altcoins all through the previous 24 hours. This comes on the again of a large improve in buying and selling quantity, which is up virtually 100% on the day.

Past that, although, Hyperliquid’s open interest copared to that of centralized exchanges has reached an all-time excessive in line with information from Hypeflows. 

Some analysts seem to believe that open curiosity is a greater metric to gauge the quantity and engagement of the circulate of latest customers, which implies that Hyperliquid is getting a extra natural circulate of retail customers in comparison with main centralized exchanges.

In any case, Hyperliquid presently accounts for 83% of the whole buying and selling quantity throughout decentralized exchanges with virtually $6 billion prior to now 24 hours.

Second Hyperliquid Airdrop Rumors

Along with apparently sturdy fundamentals over the previous couple of weeks, there are additionally rumors circling round social media that the crew is perhaps getting ready to launch a second season of Hyperliquid factors, which is the system used to reward customers with HYPE tokens by means of an airdrop.

In line with a well-liked social media person and a frequent Hyperliquid commentator, the factors web page has seen its user-interface up to date on testent.

New season of factors farming on HL?

Factors web page UI up to date on testnet.$HYPE

Hyperliquid. pic.twitter.com/F82BMCqTYb

— NMTD.HL/BTC (@NMTD8) April 28, 2025

Airdrop looking is sort of standard and could possibly be a part of the explanations fueling HYPE’s latest development. In any case, it was one of the vital profitable and heavily-discussed airdrops prior to now few years, so those that missed it, is perhaps anticipating a second shot.