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Assessing the HYPE Token: Is a Meme-Based Cryptocurrency Capable of Maintaining Its Price Rally?

Assessing the HYPE Token: Is a Meme-Based Cryptocurrency Capable of Maintaining Its Price Rally?

Bitget-RWA2025/11/18 12:16
By:Bitget-RWA

- HYPE token surged above $40 in 2025 despite crypto's bear market, driven by whale accumulation and $1.71B futures open interest. - Technical indicators show fading bearish pressure (RSI near 50) but highlight $44.48 resistance and $36.51 support levels. - Meme-inspired HYPE faces credibility challenges compared to transparent platforms like Jump.meme, with unclear utility beyond governance. - Market volatility and regulatory risks persist, contrasting with SOL ETF inflows yet mirroring Monad's failed tok

The HYPE token, which is native to the Hyperliquid blockchain, has recently drawn significant attention by climbing in value despite a generally bearish trend in the crypto sector. In early December 2025, HYPE was trading above $40, supported by large holders accumulating the token, a notable increase in futures open interest ($1.71 billion), and positive funding rates of 0.026%—indicating that long positions are compensating shorts, . However, there’s a catch: meme-based tokens such as HYPE are infamous for their price swings, and distinguishing between real momentum and pure speculation can be challenging. Let’s analyze the legitimacy of this rally by examining recent statistics, expert cautions, and changing investor attitudes.

The Technical Perspective on HYPE

Hyperliquid’s tokenomics are designed to encourage user engagement. With a maximum supply of one billion tokens,

are intended to ensure openness. Blockchain data points to a bullish outlook: open interest in HYPE futures has jumped, and technical indicators like RSI and MACD show that bearish momentum is weakening, with . Should this trend persist, HYPE might challenge the $44.48 resistance point. Still, the token is susceptible to pullbacks, with .

This technical optimism is set against the backdrop of wider market forces. For example,

brought in $380 million in new investments, reflecting increased institutional interest in crypto. Yet, SOL’s price fell by 20% over the week, highlighting the vulnerability of even established coins. HYPE’s ability to hold its ground in such conditions is remarkable, but it remains a speculative play.

The Token Dilemma: Hype Versus Substance

Tokens inspired by memes like HYPE often rely on community-driven stories, but their legitimacy depends on moving beyond viral trends. Jump.meme, a cross-chain MemeFi platform,

and automated liquidity, branding itself as a “fair” alternative to typical meme coins. If HYPE adopts similar transparent practices, it could build momentum. Nevertheless, the token’s limited use outside of governance and staking .

The story of Monad’s token sale serves as a warning. Despite raising $43 million in just 23 minutes,

. Observers criticized the 50% allocation to teams and early backers, which hurt retail investor trust. While HYPE’s distribution details are not fully disclosed, similar patterns could damage its reputation. As Stakecito remarked, in a market that increasingly values transparency.

Investor Sentiment: Divided Views

Retail investors have shown mixed feelings toward HYPE. In October 2025,

while other tokens like Chain’s saw declines. Still, overall sentiment in crypto remains cautious. and underwhelming IPOs in London have increased risk aversion.

At the same time,

are changing expectations in DeFi. If HYPE cannot set itself apart with real utility or effective governance, it may be eclipsed by these emerging projects.

Conclusion: Exercise Prudence

While HYPE’s technical signals and Hyperliquid’s open ecosystem provide reasons for short-term confidence, the token’s meme origins and the uncertain regulatory landscape

call for careful consideration. Investors should focus on diversification: like and , along with stablecoins, to help manage risk.

Ultimately, HYPE’s future will be determined by its ability to shift from a speculative plaything to a token with real-world utility. Until that happens, it remains a high-risk wager—one that could either ride the next crypto boom or falter under its own hype.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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