Hyperliquid Surges 5% as Hypurr NFTs Launch
Hyperliquid (HYPE) is currently trading at $47.23, marking a 5% increase in the past 24 hours. This uptick follows a week of fluctuating prices, which dipped as low as $43 before recovering towards the $50 mark. Over the last 30 days, HYPE has seen a 7% rise, though it’s still 20% below its all-time high of $59.30.
Trading volume has seen a 11% boost to $522 million, indicating heightened activity.CoinGlass data reveals that Hyperliquid futures volume rose 13.85% to $1.8 billion. though, open interest onyl increased by 0.61% to $2.28 billion. This suggests traders are engaging in short-term trades rather than long-term commitments.
The launch of Hypurr NFTs on September 28 has sparked new interest in the Hyperliquid ecosystem. These 4,600 cat-themed digital collectibles were deployed on HyperEVM. Most were given to early users from the Genesis Event in November 2024. The rest went to the Hyperliquid foundation, Labs, artists, and contributors.
Unlike typical NFT drops, Hypurr NFTs serve as a token of appreciation for early supporters and are deeply integrated with Hyperliquid’s infrastructure. They are built on HyperEVM and connect to the chain’s liquidity. This makes them more than just art; developers can use them to build apps with HyperCore liquidity and HyperBFT consensus.
Market response has been positive.Hypurr NFTs debuted on OpenSea with a floor price of about $68,700. One NFT even sold for over $467,000. however, a theft of eight NFTs worth about $400,000 by security researcher ZachXBT highlights the need for wallet security.
Technically, HYPE is trading between $44 and $47, with $44 as a strong support level and $50 as key resistance. A relative strength index of 46 suggests neutral momentum, while the MACD indicates some bearish pressure. If HYPE breaks $50 with strong volume, it could retest the September high of $59. if it falls below $44, it may drop towards $30.
