Hyperliquid's HYPE Jumps 10% on Steady Inflows and Rising Onchain Activity

CoinDesk reported that HYPE gained more than 10% over the past 24 hours, with investor focus shifting from price alone to broader ecosystem signals. The move was linked to continued net inflows into related investment products, strengthening expectations for onchain buying, and heavier trading activity across the Hyperliquid network. Market data cited in the report shows inflows into Hyperliquid-linked products have extended to five consecutive weeks. The newly launched spot Hyperliquid ETF took in a net $5.87 million last week, also marking its fifth straight week of net subscriptions. Over that stretch, there was only one day of net outflows: June 5, when roughly $3 million was redeemed. The article said persistent inflows typically point to more durable allocation demand rather than short-term rotation. With liquidity and congestion issues in mainstream large-cap trading, some investors have begun viewing Hyperliquid as an alternative venue. The report added that onchain chatter suggests HYPE could see about $23 million in TWAP-related buy pressure over the next 24 hours. TWAP execution spreads purchases across time to reduce slippage, but it can also translate into sustained spot demand during a rising tape. Whale-tracking data also indicates large players are building long positions in HYPE on Hyperliquid, aligning with expectations that the platform can keep expanding its footprint in decentralized trading. On the product side, Hyperliquid recently introduced HIP3, enabling users to gain onchain exposure to equities and the S&P 500 index. Some traders see the rollout as a sign the project is pushing toward broader trading infrastructure. Key ecosystem metrics cited include TVL of about $1.53 billion and stablecoin market capitalization of roughly $6.36 billion. 24-hour perpetuals trading volume reached about $5.17 billion, while 24-hour DEX volume was around $250.7 million. HYPE's market capitalization stands near $14.57 billion. The article said these figures suggest Hyperliquid is evolving beyond a single-token story into a more active onchain trading ecosystem, while maintaining a strong position in decentralized perpetuals.