HYPE jumps 23% as Hyperliquid HIP-3 commodity trading lifts price above $27

HYPE, the native token of the Hyperliquid DEX, has surged 23% in the last 24 hours to trade above $27, with intraday levels around $27.4. The move follows a sharp rise in commodities and other real-world asset trading on Hyperliquid’s HIP-3 markets, where open interest recently hit $790 million and daily volume reached $1.29 billion. Technical indicators on the HYPE/USD 4H chart remain bullish, but the token is now approaching key resistance near $28.4.