Hyperliquid Price News: Will HYPE Reach $50 After Launching Tether Gold?

Published: June 16, 2025

Key Highlights

• Hyperliquid's trading volumes have doubled in the last 24 hours.
• The platform has launched Tether Gold perpetual futures.
• The outlook for HYPE remains bullish unless it falls below $40.

Performance Overview

Hyperliquid has seen a significant increase in its native asset, HYPE, which has gained 53% over the past month and 72.3% year-to-date, making it the best-performing token among the top 10 cryptocurrencies.

New Product Launch

Recently, Hyperliquid introduced Tether Gold (XAUt) trading on its platform. XAUt is a tokenized version of gold, backed by actual gold reserves, allowing holders to own the asset. However, the synthetic asset available for trading is intended for speculative purposes only.

Market Position

Hyperliquid has quickly become a leading decentralized exchange (DEX) in the derivatives market, boasting 24-hour trading volumes of $7.42 billion. While this is significantly lower than centralized exchanges like Binance and OKX, Hyperliquid's growth in just two years is noteworthy.

Price Analysis

The price of HYPE has recently stabilized above the $40 mark, following a liquidity grab that trapped bearish traders. The Relative Strength Index (RSI) indicates strong buying pressure, suggesting continued interest in HYPE. Analysts recommend watching the $40 level closely; a drop below this could signal a bearish trend, while a retest could present a buying opportunity. The target for HYPE is set at $50, contingent on maintaining current momentum.

Conclusion

Hyperliquid's innovative approach and recent product launches position it well for future growth. Traders are advised to monitor key price levels and market conditions closely as HYPE aims for new highs.