Hyperliquid overtakes OKX in open interest, HYPE targets $130
- —Hyperliquid overtook OKX in open interest for the first time, with its share reaching 12.3%
- —HYPE's daily trading volume rose 115% to $2.19 billion
- —HYPE open interest rose 0.21% to $2.95 billion
- —A whale accumulated $27.5 million worth of HYPE over two weeks
Why it matters: Hyperliquid's growing derivatives share strengthens HYPE's fundamental support, but analysts see a possible correction before the $130 target.
Source: TronWeekly