# HYPEHitsAllTimeHigh

On June 3, Hyperliquid's HYPE token hit an all-time high of 74.67 US dollars, with a market cap of approximately 16 billion US dollars. Its price has surpassed Solana, which is trading at 71.62 US dollars. Over the past month, HYPE has risen about 24 percent, making it one of the few assets among the top 20 cryptocurrencies to increase. A CoinShares report noted that HYPE is one of the few crypto assets where protocol activity almost directly translates into token demand, with a target price of about 147 US dollars by 2031 under the baseline scenario. A Grayscale-linked wallet previously accumulated a large position in HYPE, and market attention continues to grow.