The crypto market continues to evolve, and Hyperliquid (HYPE) has caught the attention of traders and analysts alike. Recently, prominent crypto analyst Altcoin Sherpa highlighted HYPE’s strong performance on X, sharing a chart that showcases its price action over the past month.
The chart, created with TradingView, reveals a significant upward trend peaking around late October 2025, followed by a consolidation phase and a recent dip. Despite the volatility, Sherpa remains bullish, calling HYPE “one of the strongest/best coins there is,” signaling confidence in its long-term potential.
Deflationary Model and Tokenomics
HYPE, the native token of the Hyperliquid decentralized perpetual futures exchange, has demonstrated resilience amid market fluctuations. The chart indicates a high of approximately $48,000, with the current price hovering around $43,000 as of early November 2025.
This stability, coupled with a market cap of $3M and a fully diluted valuation of BTC393,991, underscores its growing prominence. The token’s deflationary model, which burns 26% of its supply annually, further enhances its scarcity and potential value appreciation—a key factor driving investor interest.
Community, Ecosystem, and DeFi Infrastructure
The broader context reveals HYPE’s integration with innovative infrastructure like the x402 framework, enabling gasless and private transactions for AI agents across chains like Avalanche. This technological edge, combined with its robust community support and advanced trading features such as liquidation mechanisms and deep liquidity pools, positions HYPE as a standout in the DeFi space.
As traders like @fomoebdao add to their long positions at $43,000, the coin’s future looks promising, especially if it holds key support levels above $42,000. For investors, HYPE’s current chart pattern suggests a potential rebound, making it a coin to watch closely in the coming weeks.