Hyperliquid's native token climbed more than 20% over the past 24 hours to roughly $61.35, according to The Block's price page.
The (HYPE) token previously peaked near $58.50 last September before falling to $21 at the start of 2026.
This made HYPE the best-performing top-100 cryptocurrency by market capitalization on Thursday by a wide margin. Other notable gainers included Mantle's MNT, up about 9%, Zcash (ZEC) rising 7%, and Worldcoin (WLD) climbing 8%. Meanwhile, larger cryptocurrencies like bitcoin, ether, and XRP were mostly flat, slipping less than 1% on the day.
The rally comes as Wall Street's appetite for Hyperliquid exposure continues to build following the launch of spot HYPE exchange-traded funds from Bitwise and 21Shares earlier this month.
U.S. spot Hyperliquid ETFs attracted a record $25.5 million in new inflows on Wednesday, according to The Block's data, bringing cumulative inflows to roughly $54 million over their first seven trading days.
