HYPE hits new all-time high near $97 on lending launch
- —HYPE nearly doubled from about $52 in mid-August to around $97
- —The token first crossed $90 on September 18, closing in on the $100 mark
- —Lending backed by HYPE and BTC issued $269 million in the first 24 hours
- —Only about 26% of HYPE supply is circulating; CFTC approval for Bitnomial is still pending
Why it matters: HYPE's rally hinges on regulatory approval for the Bitnomial plan and upcoming token unlocks, which will shape the token's next move.
Source: BTC-ECHO