Hyperliquid’s HYPE token has posted a 60%+ year-to-date gain — and the company behind it just gave the market a concrete reason. The HYPE price is currently trading at $38, down -1.5% in the last 24 hours, a pullback that looks more like profit-taking than panic when you zoom out on the numbers.
Hyperion, the first publicly-listed Hyperliquid DeFi company in the US, reported a 64% quarter-over-quarter revenue jump alongside an 87% surge in adjusted gross profit, while simultaneously cutting core operating expenses by 30%. That combination is genuinely rare in crypto. A “triple-dip” staking strategy further amplified returns, allowing HYPE holders to earn across three income streams simultaneously.
$HYPD Hyperion DeFi, Inc. Common Stock showcases strong Q4 performance with 87% growth, unveils strategic partnerships and promising outlook for 2026.
Read more: https://t.co/3EnpuWxmKA
— finvera (@finvera_ai) March 26, 2026
On-chain, Hyperliquid generated roughly $1.51M in protocol revenue in a single 24-hour window, using those fees to buy back and burn approximately 36,745 HYPE tokens. Over 42.6M HYPE, worth roughly $1.7Bn, has been permanently removed from supply.
Broader crypto markets are down 3.42% over the same 24-hour window, placing HYPE’s short-term weakness in context rather than isolation. Understanding the technicals now becomes critical.
Can HYPE Price Hold $38 and Target New Highs This Week?
At $39, HYPE is sitting directly on a key battleground. Support levels are clustered at $38.5, $38.2, and $37.75, meaning the current price has already slipped beneath the first line of defense, a detail worth watching closely. Resistance above stands at $41.27, $42.26, and $43.03, and reclaiming $41.27 quickly would signal the dip is being absorbed rather than extended.
The 30-day performance tells a different story from today’s candle: HYPE is up 49.05% over the past month and 146.78% year-over-year, suggesting the trend is intact even if momentum is pausing. The Fear & Greed Index, sitting at 10 (Extreme Fear), adds a contrarian angle, historically, that reading has preceded recoveries more often than continued collapse.
Three scenarios are in play right now:
- Bull case: HYPE holds $38.73, volume returns, and price reclaims $41.27+, opening a run toward the BitMEX co-founder’s $150 long-term target.
- Base case: Consolidation between $38 and $41 continues through the week, with the burn mechanism providing a steady demand floor.
- Bear/invalidation: A daily close below $37.75 shifts focus to the $30.51 level, roughly -22% below the current price.
The burn model is a genuine structural tailwind. But structural tailwinds don’t prevent short-term drawdowns. Whale behavior around HYPE has shifted before at similar levels, and that’s worth factoring in before adding exposure here.
DISCOVER: Next Crypto to Explode in 2026
LiquidChain Targets Early-Mover Upside as HYPE Tests Critical Support
The HYPE price surging +60% YTD is impressive, and that’s exactly the problem for anyone entering now. At a $9Bn+ market cap, the easy multiples are likely behind it. The burn model and Hyperion’s fundamentals are real, but HYPE has already overtaken major competitors in valuation terms, compressing the upside asymmetry that early holders enjoyed.
For those who want infrastructure-level exposure at the ground floor, LiquidChain ($LIQUID) is an early-stage alternative drawing attention in the current cycle. It’s a Layer 3 protocol with a specific, testable thesis: fusing the liquidity of Bitcoin, Ethereum, and Solana into a single execution environment, enabling developers to deploy once and access all three ecosystems simultaneously.
The presale is currently priced at $0.01435, with $623,936.18 raised so far. Key features include a Unified Liquidity Layer, Single-Step Execution, and Verifiable Settlement architecture. Early context on LiquidChain’s positioning in cautious markets is worth reading before committing capital.
Visit the LiquidChain Presale Website Here.
EXPLORE: Top Crypto Presales to Watch Now
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