Institutional Rotation Shifts to Hyperliquid: HYPE Defies $700M Unlock as Spot ETFs Draw $160M

Hyperliquid (HYPE) rebounded 5.66% to $61.02 on June 8, 2026, defying a massive $700 million token unlock as 24-hour DEX volume surged to $763 million. Backed by $160 million in spot ETF inflows and a powerful fee-driven buyback engine, the token is establishing a structural decoupling from broader market liquidations by capturing dominant real-world asset perpetual volume.