HYPE Jumps 11.6% to Record $76.90 on June 16, Triggering $11.5M Short Squeeze

HYPE9.05%
According to Bitcoin.com News, HYPE surged 11.6% on June 16 to hit an all-time high of $76.90, recovering from a recent $53 low following a marketwide sell-off. The cryptocurrency's market capitalization reached nearly $17 billion, securing Hyperliquid's position as the 10th-largest digital asset by market cap. The sharp price action liquidated approximately $11.5 million in short positions, alongside over $1 million in long liquidations.
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