The post Hyperliquid price reaches all-time high as DEX metrics surge appeared on BitcoinEthereumNews.com. Hyperliquid’s native token HYPE surged to a new all-time high, fueled by record trading volumes and growing dominance in both spot and derivatives markets. Summary Hyperliquid price hit an all-time high of $50.99 on Aug. 27, supported by record trading activity. The DEX continues to strengthen its position in both spot and derivatives markets. Growing liquidity and user adoption suggest momentum may extend if market conditions hold. Hyperliquid (HYPE) reached a record high of $50.99 on Aug. 27 during Asian morning trading hours, extending a powerful rally that has lifted the token 22% over the past week and 14% in the last 24 hours. According to Coinglass data, Hyperliquid’s derivatives volume climbed 14.57% in the past 24 hours to reach $3.05 billion, while open interest jumped nearly 17% to $2.33 billion, showing a rise in speculative positioning. At the same time, more than $1.76 million worth of short positions were liquidated, suggesting that traders betting against the rally were caught off guard by the breakout. The milestone comes as whale activity and decentralized exchange metrics surrounding the platform continue to accelerate. Whale activity sparks squeeze A key driver of Hyperliquid’s latest surge appears to be partly driven aggressive whale activity in Plasma’s XPL token perpetuals. On Aug. 26–27, a whale wallet suspected to be associated with Justin Sun deposited around 16 million USD Coin (USDC) and opened heavily leveraged long positions, rapidly pushing XPL’s price from roughly $0.58 to $1.80 in under two minutes. This violent move led to short liquidations totaling over $17 million, including one wipeout of $7 million.  The squeeze was boosted by the arrival of three more whales. Within an hour, the four wallets collectively pocketed an estimated $47 million in profits. Due to the exodus of short sellers, open interest on XPL dropped from $160… The post Hyperliquid price reaches all-time high as DEX metrics surge appeared on BitcoinEthereumNews.com. Hyperliquid’s native token HYPE surged to a new all-time high, fueled by record trading volumes and growing dominance in both spot and derivatives markets. Summary Hyperliquid price hit an all-time high of $50.99 on Aug. 27, supported by record trading activity. The DEX continues to strengthen its position in both spot and derivatives markets. Growing liquidity and user adoption suggest momentum may extend if market conditions hold. Hyperliquid (HYPE) reached a record high of $50.99 on Aug. 27 during Asian morning trading hours, extending a powerful rally that has lifted the token 22% over the past week and 14% in the last 24 hours. According to Coinglass data, Hyperliquid’s derivatives volume climbed 14.57% in the past 24 hours to reach $3.05 billion, while open interest jumped nearly 17% to $2.33 billion, showing a rise in speculative positioning. At the same time, more than $1.76 million worth of short positions were liquidated, suggesting that traders betting against the rally were caught off guard by the breakout. The milestone comes as whale activity and decentralized exchange metrics surrounding the platform continue to accelerate. Whale activity sparks squeeze A key driver of Hyperliquid’s latest surge appears to be partly driven aggressive whale activity in Plasma’s XPL token perpetuals. On Aug. 26–27, a whale wallet suspected to be associated with Justin Sun deposited around 16 million USD Coin (USDC) and opened heavily leveraged long positions, rapidly pushing XPL’s price from roughly $0.58 to $1.80 in under two minutes. This violent move led to short liquidations totaling over $17 million, including one wipeout of $7 million.  The squeeze was boosted by the arrival of three more whales. Within an hour, the four wallets collectively pocketed an estimated $47 million in profits. Due to the exodus of short sellers, open interest on XPL dropped from $160…