HYPE token surges past $60 on Wall Street demand

The HYPE token has achieved a new record high, surpassing $60 as demand from Wall Street investors intensifies. This surge is partly attributed to significant accumulation by Grayscale-linked wallets, which reportedly acquired over $40 million worth of HYPE in the last week alone. The growing institutional interest suggests increasing confidence in the Hyperliquid ecosystem and its native token, potentially signaling broader adoption and a positive outlook for the platform.