Hyperliquid has experienced a significant price increase of over 40% in the past two weeks, despite a general market downturn for major cryptocurrencies, following a strategic integration with Ripple’s institutional prime brokerage platform, Ripple Prime. This marks Ripple’s first direct DeFi integration since its platform’s launch, boosting Hyperliquid’s profile and access to on-chain derivatives liquidity. A key factor in Hyperliquid’s price surge is the drastic reduction of its HYPE token’s monthly unlock from 1.2 million to 140,000 tokens, slashing sell-side pressure. This adjustment, combined with the platform’s robust utility following the introduction of non-crypto markets through its HIP-3 upgrade, has reinforced HYPE’s momentum by shifting attention from speculative narratives to tangible use cases.
Hyperliquid rallies 41% following Ripple partnership and reduced token unlock
