On June 8, Hyperliquid Strategies rose 8.73% in regular trading, trading at $9.105/share, with trading volume of $44.26 million.
On the news front, multiple institutions have issued buy ratings on the company with a target price of $18, implying nearly 100% upside from current levels. The stock had previously declined over 30% from its high of $11.69 to a low of $8.15, pressured by large-scale HYPE token unlock-driven selling.
Institutional research reports highlight that Hyperliquid is the dominant player in on-chain perpetual contracts, commanding a 31.9% market share among perpetual DEXs, with monthly trading volume exceeding $170 billion and annual platform revenue surpassing $600 million. Analysts noted that its valuation stands at roughly half that of traditional exchange CME, suggesting significant undervaluation. As unlock-related selling pressure gradually dissipates, the stock is experiencing a technical oversold rebound supported by fundamental catalysts.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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