In the bustling contest for the privilege of underpinning USDH’s stablecoin edifice, Hyperliquid’s inestimable token, endearingly titled HYPE, has attained the astonishing price of $51.84 per coin-a sum sufficient to make even Mr. Darcy pause in disbelief.
Excessive Zeal for Hyperliquid Elevates HYPE to $51 & $13.9 Billion Esteem-Scandalous!
Pray, allow me to inform you that on a most memorable Monday, the coin affectionately known as HYPE, the indispensable companion to Hyperliquid, soared to a point seldom imagined, besting previous records with a value of $51.84. Hyperliquid, much like the most elusive gentlemen in the Ton, flourishes as a decentralized perpetuals trading assembly, conducting its affairs on its own artful layer one blockchain, HyperEVM. This cunning mechanism is – I daresay – constructed for transactions both swift and inexpensive, and its onchain order book waves away gas fees as if they were suitors unworthy of notice.
Presently, society’s focus-if one can call the musings and gossip of speculators “society”-has gathered around Hyperliquid’s proposal to birth a stablecoin, with no less than three ambitious houses vying to supply their much-lauded support. Meanwhile, Circle (a clever party if ever there was one) announced the arrival of native USDC to Hyperliquid by means of CCTP v2, rendering those cumbersome cross-chain transfers a mere trifle. By midday on September 8th, HYPE’s price lingered contentedly at $51.46, its circulating supply numbering approximately 270,772,999-enough tokens to fill Pemberley thrice, with plenty left over to astonish Lady Catherine-and a market cap hovering near $13.93 billion, much to the envy of the less fortunate coins.
Presently, HYPE finds itself 7.75% improved within the day-undoubtedly cause for unfurling a celebratory fan-15.5% in the preceding week, and a positively romantic 18% in these final thirty days. Should you with to compare a modern fortune to earlier days, consider this: the coin stands 1,251.9% grander than its ignoble low of merely $3.81 on November 29th, 2024-a figure so humble, it surely would have been concealed from polite company. And yet, as with the attendance at Mrs. Bennet’s musical evenings, HYPE’s trading volume remains rather modest, with a mere $559 million of swaps seen in the past day. Hyperliquid leads the assembly, while Bitget and Bybit lurk nearby, offering their own invitations.
This meteoric rise, powered by strategems worthy of Lady Susan herself and spirited proposals to cradle the very backbone of USDH infrastructure, is no slight affair. Though the trading audience remains less crowded than the ballroom at Netherfield, Hyperliquid’s clever apparatus and connections with distinguished names place it decisively beyond idle speculation. The implication is clear-even Mr. Wickham would concede-the platform now strides with confidence among the luminaries of decentralized finance (DeFi), and one cannot help but wonder what delicious scandals it shall provide next. 💃📈🍵
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2025-09-08 19:58