In the world of cryptocurrency, the ranking by market capitalization is a silent transfer of power.

Today, history has been completely rewritten. According to the latest data from AiCoin, the native token HYPE of Hyperliquid has violently broken through the resistance level of 64.5 dollars with a remarkably strong bullish candle, once again setting a new all-time high (ATH)! Even more astonishing is that in just 123 days, HYPE has achieved a staggering increase in net asset value of 215.2% (over 3 times), officially surpassing DOGE (Dogecoin) in total market capitalization, entering the top nine in global crypto assets with a terrifying size of 20.537 billion dollars!

This is not just a surge of one token, but a "dimensional strike against the old Meme culture" from the "high-performance on-chain native L1 derivatives layer." Coupled with the latest on-chain hardcore intelligence, we unveil the core wealth drivers that propelled HYPE into the global top nine.

1. Power Change: Surpassing DOGE in Market Value, relying on "pure profit flywheel"

DOGE represents the narrative inflation sustained by emotions in the last cycle, while HYPE's entry into the top nine relies on the most terrifying real cash flow across the network.

Hyperliquid is firmly gripping the liquidity of the entire network with three absolute financial flywheels:

1. Absolute Monopoly of Perpetual Contracts: As the absolute overlord of on-chain derivatives, its massive clearing volume and fee income have made the majority of centralized exchanges blush. Achieving 0 bad debts amidst turbulent market conditions continues to attract massive capital from traditional institutions.
2. Permissionless Surge of Spot and HIP-3: The HIP-3 protocol allows various long-tail assets to be listed without permission, infinitely amplifying traffic black holes, bringing extremely strong long-tail trading networks to the entire platform.
3. Explosive Relay of HIP-4 Prediction Market: With the advancement of HIP-4, the global macro event hedging and prediction market is becoming its most terrifying cash-absorbing black hole. The enormous fees from three dimensions, with 97% all being destroyed online through the platform's self-equipped AF (Auto Buyback Mechanism) algorithm. This "absolute deflation + crazy cash absorption" machine is fundamentally draining HYPE's liquidity supply.

2. Whale Radar: Record High of Large Order Dominance, Single Address Holding 21.53 Million Dollar Long!

Behind HYPE's entry into the top nine is an almost frenzied "will to lock positions" among super bulls on-chain.
According to the latest on-chain monitoring charts, the market is in a violent primary bullish wave absolutely dominated by whales:

 

• Astonishing 84.8 Million Dollar Position: A super whale (address: 0x082e...ca88) has locked in a staggering 1.38 million HYPE perpetual long positions on the Hyperliquid platform!

Address:

    0x082e843a431aef031264dc232693dd710aedca88

• Unrealized Gains Exceed 31.42 Million Dollars: The average opening price of this position is extremely low (Unrealized Gain Rate +294.42%)!
• Major Orders Relentlessly Crush Opponents: According to AiCoin monitoring, the recent proportion of large and extra-large orders entering the market has shown a significant buying advantage. Above 60 dollars, short positions frequently encounter forced liquidations, completely becoming passive rocket fuel for HYPE's rise to higher skies.

3. Capital Exodus: VC and Retail Investors Completely Turn, Chips Facing Physical Exhaustion

Latest disclosed on-chain monitoring shows that the market has often debated "community coins vs VC coins," while HYPE is achieving the ultimate convergence of both.

 

• Top VCs (like a16z) Directly Compete in the Secondary Market: Monitoring shows that the Silicon Valley venture capital myth a16z and its associated addresses have abandoned traditional off-market discount negotiations and directly entered the secondary market through bulk and active buying, investing tens of millions of dollars solidly in $HYPE.
• One-Way Deadlock of Chips: Institutions are aggressively dollar-cost averaging, retail investors are locking positions like crazy, and whales are steadfastly holding 20 million long positions without reducing their holdings. This leads to an extremely terrifying "zero physical circulation" state for HYPE above 60 dollars—unlimited buy orders and no sell orders to be found.

4. Technical Analysis: Breaking Through the Daily Super Cup Handle, Initiating "Unmanned Zone Short-Squeeze"

Combining AiCoin's real-time candlestick chart, the technical aspect is undergoing a magnificent resonance with the fundamentals:

 

• Century-Old Resistance Turned into Ironclad Floor: HYPE had previously gone through a long-term chip cleanup in the 45—50 dollar range, forming a textbook "cup-handle pattern" on the daily and 3-day chart levels.
• No Resistance Divergence: As 60 dollars gets violently crushed by buying, the candle chart diverges vertically upwards along the EMA rapid moving average, with the MACD histogram below continuously expanding above the zero axis. The token has completely entered an "absolute unmanned zone" with no historical trapped positions and no technical resistance.

Looking Ahead: Surpassing DOGE is Only the Start, Where Will HYPE’s Starry Future Lie?

In 120 days, HYPE tripled and stomped DOGE, entering the top nine—Hyperliquid has ended the old era that relied solely on emotions to tell stories with the most hardcore underlying strength. When a16z, top whales, and global capital all reach consensus at this position, its valuation ceiling has been completely overturned.

With 64.5 dollars transformed by explosive main capital into a new primary bullish wave starting point, top investment research institutions across the network broadly predict that HYPE will next launch a crushing force towards 75 and even hit the ultimate long march towards three digits ($100+).

This is a victory for the new sovereign finance on-chain, and you, will you continue to stand on the opposite side of history and short it?

Hyperliquid: Breaking Traditional Barriers, Rapidly Allocating Core Assets

Facing the explosive core assets, the slow account opening, difficult capital input, and restricted trading hours issues of traditional U.S. brokerage firms often cause investors to miss out on great opportunities. Now, Hyperliquid provides a trading solution that is akin to a dimensional strike for global investors through its innovative on-chain derivatives mechanism.

1. Core U.S. Stocks, All In One Go Thanks to Hyperliquid's powerful HIP-3 mechanism (allowing community permissionless asset deployment), the majority of core U.S. stocks (such as NVDA, AMD, MU, MSFT, GOOG, AMZN, META, etc.) can now be directly traded on the platform.

2. 24/7 All-Day Trading Positive news in the AI industry often comes out of nowhere. On Hyperliquid, you are no longer limited by U.S. stock market opening hours. Whether it’s the weekend or late at night, as long as there's market movement, you can trade and hedge at any time.

3. Long and Short Bi-Directional, Maximizing Capital Efficiency Hyperliquid supports perpetual contract trading, which means you can flexibly use leverage (some assets support up to 50x). In a determined long-term trend, you can amplify earnings by going long; during temporary pullbacks, you can also quickly short to hedge risks.

4. Zero KYC, USDC Rapid Settlement Say goodbye to cumbersome wire transfers and identity verification. Simply connect your OKX wallet, use USDC to start trading with one click, and all orders achieve sub-second confirmation on-chain.

The wealth code for the next five years has already been written on the board, and Hyperliquid is your most efficient execution tool. Now use AiCoin's exclusive invitation code AICOIN88 to register on Hyperliquid, not only will you experience smooth on-chain U.S. stock trading but also enjoy a 4% commission rebate permanently.

Actual operation is super simple:

Step 1:

Open Hyperliquid BTC/USDC candlestick on AiCoin

Step 2: Find the toolbar and check the lightning order option

Step 3: Click directly on the green "buy long" or red "sell short" → Instant execution

Now use AiCoin's exclusive invitation code AICOIN88 to register on Hyperliquid, and you can also enjoy a permanent 4% commission rebate.
https://app.hyperliquid.xyz/join/AICOIN88

📖 Beginner Tutorial:

- "AiCoin PC Hyperliquid Authorization Trading Tutorial":

https://www.aicoin.com/zh-Hans/article/514197

- "Zero Basics! Hyperliquid First Transaction Ultra-Detailed Graphic Tutorial":

https://www.aicoin.com/zh-Hans/article/510225

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