Hyperliquid's HYPE token climbed to an all-time high above $89, up more than 60% in the past month. Separately, Raydium's RAY token jumped 61% in 24 hours on Solana after a launchpad integration drove a wave of new trading.
HYPE, Hyperliquid's native token, reached a new all-time high above $89. The token has gained more than 60% in the past month.
Its 24-hour trading volume hit $629 million. Wall Street entities reportedly hold $75 million in ETFs linked to HYPE, according to Crypto Briefing.
Odds tracked on Polymarket put the chance of Hyperliquid reaching $100 by year-end at 66%. Crypto Briefing said that level is consistent with continued price appreciation.
Meanwhile, Raydium's native token RAY jumped roughly 61% in 24 hours. The token moved from the $0.80-$0.91 range to above $1.30. The rally traces to StonkFun, a Solana-based launchpad that integrated with Raydium's LaunchLab, funneling a fresh wave of liquidity through the exchange.
Trading volume on Raydium hit approximately $31.8 million during the spike. StonkFun's own token, STONK, reportedly saw multi-hundred-percent gains during the same window.
Raydium also runs a buyback program that allocates 12% of its trading fees to repurchasing RAY on the open market. As of late August 2026, those buybacks had removed over 30% of RAY's circulating supply.
Sources: Crypto Briefing, Crypto Briefing
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