What happened?
ARK Invest CEO Cathie Wood compared Hyperliquid to the early days of Solana, saying the decentralized exchange deserves close attention even though she didn’t confirm holding HYPE. Her remarks, plus Hyperliquid’s massive growth in TVL (from about $154M at launch to over $2.2B) and a blockbuster Hypurr NFT drop, have fueled talk that HYPE could rally many-fold. At the same time new rivals like Aster DEX and hot presales like SNORT are creating extra market buzz and competition.
Who does this affect?
This mainly affects crypto investors and traders who chase high-growth DeFi tokens and are sensitive to celebrity endorsements and on-chain metrics. NFT collectors and market makers are also impacted because huge NFT sales and rising TVL shift liquidity and attention across protocols. Finally, competing projects on BNB Chain and DeFi ecosystems could see capital flows move in or out depending on how HYPE performs.
Why does this matter?
If HYPE really gains significant value it could reallocate capital within the altcoin and DeFi sectors, changing rankings and where liquidity pools form. That potential upside also brings higher volatility and speculative flows, meaning big price swings around key technical levels like $45, $52, and the $40 support zone. In short, big moves in HYPE would ripple through token markets, NFT demand, and investor risk appetite across similar layer-1 and DEX projects.