HYPE climbs 11.6% to a record $76.90 as Hyperliquid rally liquidates $11.5 million in shorts

On Tuesday, HYPE jumped more than 11% to a new all-time high of $76.90 after rebounding from a June 11 low of $53. On June 16, the token extended its advance and pushed above the $76 level. The move came as Hyperliquid’s rally triggered about $11.5 million in short liquidations.