Hyperliquid Sets Price Ambitions at $20 and Higher Amidst Reemerging HYPE Airdrop Speculations

At the moment, Hyperliquid’s token is valued at approximately $19, with significant attention directed towards the critical resistance level at $20. In the last 24 hours, the cryptocurrency has increased by nearly 4%, boasting a market cap exceeding $6 billion.

HYPE Price Aims for $20

Within the past day, HYPE has emerged as one of the top-performing altcoins, largely due to a dramatic surge in trading volume that has nearly doubled.

Furthermore, Hyperliquid’s open interest has reached record levels compared to that of centralized exchanges.

Some experts suggest that open interest serves as a more effective indicator of new user engagement, implying a more natural influx of retail participants to Hyperliquid than its centralized counterparts.

Currently, Hyperliquid claims 83% of the overall trading volume on decentralized exchanges, with almost $6 billion transacted in just the last day.

Rumors of a Second Hyperliquid Airdrop

Alongside seemingly robust fundamentals in recent weeks, there are also whispers on social platforms about a potential second season of Hyperliquid points, which rewards users with HYPE tokens through airdrops.

A notable commentator on social media has reported that the user interface of the points page has been updated on the testnet.

The trend of airdrop hunting has gained traction, possibly contributing to HYPE’s recent rise. Given its prior success and significant discussion, those who missed out may be eager for another opportunity.