Hyperliquid's HYPE breaks $70, hits $74.04 ATH and tops $16B market cap to pass DOGE

Hyperliquid's HYPE token pushed above $70 and set a new all-time high of $74.04, lifting its market capitalization past $16 billion and moving ahead of DOGE by market cap. After a dip to $67.56 on May 31, HYPE rebounded and gained more than 8% over 24 hours, extending its weekly rise to 14% and ending May up over 70%.