Hype recovers $50 level, continues short-term rally

According to CoinNess market data, the HYPE token from decentralized perpetual futures exchange Hyperliquid is continuing its upward trend, recovering the $50 level for the first time in about seven months, since Oct. 30, 2025. The token's market capitalization has also re-entered the top 10 among all cryptocurrencies. HYPE is currently trading at $50.152 on Hyperliquid, up 5.31% against USDC.