Hyperliquid’s HYPE Hits Record High Near $77 as Spot ETF Inflows Accelerate

Hyperliquid (HYPE) hit a record high near $77 on June 16, rising nearly 10% in a day as spot exchange-traded fund (ETF) inflows accelerated. According to BeInCrypto, HYPE was trading around $74.61, up roughly 67% over the past year, with a market cap near $16.57 billion, making it the tenth-largest cryptocurrency. Spot HYPE ETFs have drawn about $153 million in net inflows and nearly $900 million in volume since launch, including 21Shares’ THYP, Bitwise’s BHYP, and Grayscale’s HYPG. Efe “Crypto Kid” Kelemci cited roughly $850 million in 2025 revenue with 99% used to buy and burn $HYPE, while noting leverage-driven liquidations and Arthur Hayes’ exit above $72 in early June.