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Amidst extreme market panic, Hyperliquid (HYPE) price may rebound to $59: Here's why
The price surge of Hyperliquid (HYPE) signals a potential market reversal. This massively valued altcoin, with a fully diluted valuation of approximately $33 billion, has attracted significant attention from cryptocurrency traders, evidenced by its daily trading volume of approximately $457 million.
Amidst extreme market panic regarding the cryptocurrency sell-off (CoinMarketCap's Fear & Greed Index fluctuating around 16/100), HYPE's price rose by over 10% today, trading at approximately $33 at the time of writing.
Key Reasons for HYPE's Potential Rapid Rise
Institutional Demand Drives DAT
On December 2, 2025, Sonnet BioTherapeutics Holdings Inc. (NASDAQ: SONN) announced that its shareholders had approved the merger with Hyperliquid Strategies. According to Arkham, the two plan to create a digital asset vault (DAT) for HYPE.
As of press time, the company has invested $888 million, with 65% invested in HYPE tokens and approximately 35% in US dollars. Both companies are emulating Michael Saylor's "Strategy" project, which has accumulated over 650,000 Bitcoins (BTC).
Driven by institutional investors, the widespread adoption of HYPE globally will ultimately drive altcoin prices to all-time highs in the near future.