1403 ET - Hyperliquid tokens are closing in on $100 -- finding a new record-high of $96.68, up 2.8% for the day. That makes it about 25% that Hyperliquid has gained in the past week alone, and over 280% year-to-date. HYPE and Zcash are the two hottest gainers among cryptocurrencies with market capitalization in the top 10 in 2026, with Hyperliquid's underlying platform growing to one of the largest exchanges for trading perpetual futures, this even without U.S. exposure. Regulatory moves to allow Hyperliquid to operate in the U.S. may prove to further fuel the token's gains, says Zach Pandl of Grayscale Research in a note. Bitcoin slides 0.5% to $86,511, ethereum is down 1.2% to $2,752, and solana falls 0.9% to $117.92.
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