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Hyperliquid price eyes $30 breakout on HIP-6 vote

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Hyperliquid price eyes $30 breakout amid HIP-6 token launch vote - 1

Hyperliquid price trades near $28 as traders watch a potential $30 breakout driven by the HIP-6 token launch proposal.

Summary

  • Hyperliquid price is consolidating between $26.3 and $30 after a multi-week pullback.
  • HIP-6 could increase on-chain token launches and expand fee-driven buybacks.
  • A confirmed move above $30 may shift short-term momentum in favor of buyers.

Hyperliquid (HYPE) is trading at $28.04 at press time, down 0.8% over the past 24 hours. The token has fallen 5% in the last week and is lower by 17% over the past 30 days, keeping it well below its recent highs.

Price is hovering near the upper end of its weekly range between $25.86 and $30.52, showing signs of stabilization after a broader pullback.

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In the last 24 hours, trading volume reached $268.9 million, a sharp 25% decline from the previous day. That drop in activity suggests some traders have stepped to the sidelines as HYPE approaches a key resistance zone near $30.

CoinGlass data shows leverage cooling rather than building. Open interest has fallen 4.63% to $1.10 billion, and derivatives volume is down 5.72%. When open interest declines, it typically means positions are being closed instead of added.

HIP-6 proposal could strengthen fee-driven buybacks

Attention has shifted to HIP-6, a new Hyperliquid Improvement Proposal introduced on Feb. 25. The proposal would allow fully on-chain, permissionless token launches directly on HyperCore, the network’s layer-1 infrastructure.

Today, projects launching tokens on Hyperliquid must raise funds off-chain and manually seed liquidity. HIP-6 aims to streamline that process through a Continuous Clearing Auction system.

Tokens would be sold gradually at a uniform clearing price, with funds held in protocol custody until settlement. A portion of the proceeds would automatically seed liquidity, while 5% would flow to the Assistance Fund.

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That detail matters for HYPE holders. Hyperliquid directs the vast majority of protocol fees into the Assistance Fund, which is used for token buybacks. If HIP-6 leads to more token launches, it could drive higher platform activity, increasing fee generation and buybacks.

Hyperliquid price technical analysis

On the chart, HYPE has moved out of a short-term downtrend and into a consolidation range between $26.3 and $30. The price is maintaining the structure by remaining above $26.3, which is the lower limit of that range. A narrowing of the Bollinger Bands indicates less volatility. 

Hyperliquid price eyes $30 breakout amid HIP-6 token launch vote - 1
HYPE daily chart. Credit: crypto.news

When the price breaks out, periods of compression frequently result in sharper moves. HYPE is currently trading just below the mid-Bollinger Band, which aligns with the 20-day moving average near $29.6. That level is the first barrier bulls need to reclaim.

The relative strength index sits around 46–47, slightly below neutral. A move above 50 would signal that buyers are regaining control. Until then, momentum remains balanced but fragile.

A daily close above $29.6 would improve short-term momentum. A sustained move above $30 would strengthen the breakout case and expose the next resistance zone around $32.8. Clearing that area would mark a higher high on the daily timeframe and shift the broader structure more clearly upward.

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Crypto World

Revenue Beats, Earnings Per Share Miss, Stock Falls

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Revenue Beats, Earnings Per Share Miss, Stock Falls

Shares of Figure Technology Solutions, a blockchain-based consumer lending marketplace, plunged on Friday after the company reported mixed fourth-quarter results the prior day, signaling a more difficult operating environment even as revenue continued to climb.

For the quarter ended Dec. 31, the company posted revenue of $159.9 million, up from $83.9 million a year earlier, and net income of $15.1 million, compared with $5.9 million in the same period of 2024. Earnings were $0.06 per diluted share, compared to zero a year earlier.

Analysts polled by Yahoo Finance expected earnings of $0.18 per share on revenue of $157.7 million.

Growth was driven by increased lending activity. Consumer Loan Marketplace volume, which reflects total loans originated and traded on the platform, reached $2.7 billion during the quarter, up from $1.2 billion a year earlier.

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For the full year, net income totaled $134.3 million, up from $19.9 million in 2024, while revenue reached $506.9 million, compared with $340.9 million a year earlier.

The company also authorized a share repurchase program allowing it to buy back up to $200 million of its stock over the next 12 months.

Shares fell about 20% to $27.12 in morning trading on Friday following the earnings release.

Source: Yahoo Finance

Related: Figure Technology unveils blockchain platform for direct stock lending: Report

Crypto stocks surged in 2025 before retracing

Figure began trading on the Nasdaq in September after pricing its initial public offering at $25 per share, raising nearly $800 million. The stock rose more than 24% on its first day of trading and climbed to a high near $74 in January, before retreating.

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Figure’s post-IPO trajectory mirrors volatility seen across other crypto-linked equities, many of which rallied sharply in late 2025 before surrendering gains amid the broader crypto market pullback.

Shares of crypto exchange Gemini Space Station (GEMI) surged on its Nasdaq debut on Sept. 12 after pricing its IPO at $28 per share. The stock briefly topped $40 on its first day of trading, but has since fallen to around $5.94, at the time of writing.

Gemini Space Station stock. Source: Yahoo Finance

Stablecoin issuer Circle also experienced a volatile debut. The company went public on June 5, after upsizing its IPO to $1.05 billion, selling 34 million shares at $31 each, above its initial target of 24 million shares priced between $24 and $26.

In its first day of trading, Circle’s shares surged 167%, opening at $69 and climbing as much as 235% intraday before closing at $82. The stock later reached an all-time high of $263.45 on May 25, then retraced nearly 70% to around $83, per Yahoo Finance data.

Source: Yahoo Finance

Magazine: Would Bitcoin really be at $200K if not for Jane Street? Trade Secrets