How Are Derivatives Market Signals Affecting HYPE's Price in 2025?

HYPE's market cap surpasses SUI, ranking 13th at $X billion

In a remarkable turn of events, Hyperliquid (HYPE) has surged past Sui (SUI) in market capitalization, securing the 13th position in the global cryptocurrency rankings. As of 2025, HYPE's market cap stands at an impressive $14.3 billion, significantly outpacing SUI's $9.42 billion valuation. This remarkable achievement is underscored by HYPE's robust performance in the market, with its current price hovering around $52.80.

To put this growth into perspective, let's examine the key metrics of both cryptocurrencies:

HYPE's ascension to the 13th spot is particularly noteworthy given its relatively lower circulating supply compared to SUI. This indicates a higher per-token valuation and suggests strong investor confidence in HYPE's underlying technology and future potential. The cryptocurrency's all-time high of $59.457, reached in September 2025, further demonstrates its upward trajectory and market appeal. As the crypto landscape continues to evolve, HYPE's performance serves as a testament to the dynamic nature of the market and the potential for emerging projects to rapidly climb the ranks.

Derivatives data signals bearish sentiment with declining open interest and negative funding rates

The derivatives market for HYPE is showing clear signs of bearish sentiment, as evidenced by declining open interest and negative funding rates. Open interest, which represents the total number of outstanding contracts, has been steadily decreasing over the past week. This decline suggests that traders are closing their positions and reducing their exposure to HYPE, indicating a lack of confidence in the asset's near-term prospects.

Funding rates, which are fees paid between long and short traders to keep perpetual contract prices in line with the spot market, have turned negative. This indicates that short sellers are willing to pay long traders to maintain their positions, reflecting a prevailing bearish outlook.

The combination of declining open interest and negative funding rates typically signals a bearish market sentiment. Traders appear to be positioning themselves for potential further price drops in HYPE. This bearish outlook is further supported by recent price action, with HYPE experiencing a significant decline from its recent high of $59.4 to its current price of $38.834, representing a 34.6% drop.

Hyperliquid Strategies seeks $1 billion to support HYPE treasury purchases

Hyperliquid Strategies, a digital asset treasury firm, has submitted an S-1 filing with the SEC to raise $1 billion, signaling a significant move in the cryptocurrency market. The company plans to offer up to 160 million shares of its common stock, with Chardan Capital Markets serving as the financial advisor. This ambitious fundraising effort aims to expand Hyperliquid's HYPE token treasury, reflecting the growing institutional demand for the token.

The HYPE token has shown remarkable performance, with a current price of $38.834 and a 24-hour change of 10.87%. This positive trend is further evidenced by the token's impressive year-to-date growth of 293,890.93%. The following table illustrates HYPE's recent price trends:

Hyperliquid's decision to raise such a substantial amount demonstrates confidence in the HYPE ecosystem. The company's vision of building a fully on-chain open financial system aligns with the increasing demand for decentralized finance solutions. With a current market cap of $10.5 billion and a fully diluted valuation of $38.8 billion, HYPE has positioned itself as a significant player in the cryptocurrency space, ranking 17th among all digital assets.

FAQ

What is hype coin?

Hype coin is the native token of Hyperliquid, a Layer-1 blockchain for fast, secure trading. It supports governance and utility within the Hyperliquid ecosystem. Hype coin is integral for trading on the platform.

Which coin will give 1000x?

OMNI has serious 1000x potential if Ethereum Layer-2 volume continues to grow. This prediction is based on early-stage adoption and emerging narratives. As of 2025, OMNI is considered a breakout star.

Is Hyper Coin a good investment?

Yes, Hyper Coin shows promising investment potential. With its low presale price in 2025 and predictions of significant growth, early investors could see substantial returns as the market adopts this innovative cryptocurrency.

How much is the hype coin worth?

As of 2025-10-23, Hype coin is worth approximately $35.74. This price reflects current market conditions and may fluctuate.