Hyperliquid price forecast: Can HYPE coin price reach $50?

• HYPE token gains driven by strong earnings and rising protocol revenue.
• HIP-3 growth lifts Hyperliquid’s open interest to about $1.43 billion.
• Hyperliquid price eyes $45–$50 if the support near $43.5 holds.

Hyperliquid (HYPE) is currently trading around $42.78, up roughly 1.6% in the last 24 hours, and has been showing resilience within a tight intraday range between $42.06 and $43.06.

Over the past week, HYPE’s price action has expanded slightly, with HYPE moving between $40.75 and $44.65, showing a gradual buildup rather than sharp volatility.

The uptick is coming from ecosystem growth, institutional involvement, and a steady rise in derivatives activity across the platform.

Earnings-driven momentum and ecosystem expansion

The HYPE price hike is closely tied to strong performance updates from Hyperliquid Strategies Inc., one of the largest holders of the token.

The firm reported a Q1 net profit of around $152.5 million, largely driven by gains linked to its HYPE holdings.

However, Hyperliquid Strategies has recorded a $165 million net loss over the past nine months, mainly due to unrealised valuation swings and tax adjustments.

This contr...