HYPE could reach $150 amid oil surge, Iran conflict, says report

Hyperliquid (HYPE) could benefit from the conflict in Iran and the resulting surge in oil prices, according to a DL News analysis. The platform has reportedly gained popularity among professional traders amid the volatility, with trading volume for oil-related pairs recently reaching $1.5 billion in a 24-hour period. Hyun-soo Jeong, CEO of Hyperion DeFi, stated that Hyperliquid is currently the most liquid venue on-chain and its growth is set to accelerate. The media outlet noted that with energy market uncertainty pushing oil prices past $100 a barrel, HYPE has risen 35% over the past month while Bitcoin has traded sideways. Some analysts are now forecasting that the token could reach $150 by the end of the year.