TLDR

Hyperliquid’s HYPE token is back in focus after rising to around $40 in mid-March, supported by record activity in HIP-3 markets, rising open interest, and fresh whale participation. 

The token’s latest advance has also pushed Hyperliquid ahead of Cardano in market-cap rankings, placing HYPE among the 10 largest cryptocurrencies by market value. 

At the same time, traders are comparing HYPE’s 2026-2027 outlook with newer ecosystem launches, including playnance’s G Coin token generation event today.

The latest market data points to strong derivatives demand behind HYPE’s move. Open interest on HYPE futures climbed to about $1.72 billion, the highest level since early February, while funding rates turned positive and reached 0.008%, showing that long traders are again paying shorts to keep positions open. That shift usually reflects stronger bullish positioning, especially when it appears alongside rising prices and expanding participation.

HYPERLIQUID HIP-3 market growth has added another layer to the HYPE story. Aggregated open interest across HIP-3 markets reached a record $1.43 billion over the weekend, marking a sharp rise from the early stage of the product rollout six months ago. According to data, the Trade.xyz, built by Hyperunit, controls close to 90% of HIP-3 open interest activity. 

On the chart, HYPE has maintained a constructive structure after breaking above the $36.51 area last week and then using that level as support. The current move has brought the token close to the next major target near $50, with the earlier high around $49.88 likely to act as a resistance zone. If buyers continue to defend recent gains, the market may keep that target in view through the next leg higher.

Momentum indicators are still leaning bullish, though they are starting to approach stretched territory. The four-hour RSI is near 70, which places HYPE close to overbought conditions, while the MACD has produced a bullish crossover and rising green histogram bars. That combination usually supports the ongoing uptrend, but it also leaves room for short pullbacks before any larger continuation. Immediate support remains around $36.51, with a deeper fallback zone near $33.60 if volatility returns.

Whale activity has added another layer to HYPE’s recent market strength. On-chain data showed that one large holder deployed about $3 million in USDC and used more than $2 million of it to buy HYPE, while another wallet opened a leveraged long position worth roughly $6 million at 10x. Separate tracking also pointed to other large traders building long exposure, including positions opened at 2x, 3x, and 10x leverage.

As the HYPE token soars, playnance is drawing attention as G Coin moves into its token generation event today with an ecosystem that is already active before open-market trading begins. The project has positioned G Coin as the utility token across a network that includes web3 gaming, sports markets, and on-chain financial products. That approach places focus on existing activity rather than on future rollout plans alone, which is a point the market is watching closely as the launch takes place.

The project’s early metrics have added to that attention. According to the tokenomics page, the playnance network is processing around 2 million on-chain transactions per day, while the holder count has already moved past 200,000 ahead of the TGE. That user base has been built through ecosystem participation across products already operating on the network, giving G Coin a live platform at launch rather than a token waiting for post-listing adoption.

Token structure remains another part of the discussion around the event. According to playnance docs, G Coin has a fixed maximum supply of 77 billion tokens, with nearly 14 billion taken up before launch. The project has also stated that unsold tokens will not enter immediate circulation, instead following a 12-month cliff and a 24-month linear vesting schedule.

More information:

More information about Hyperliquid can be found here: https://hyperliquid.xyz/

More information about the playnance G Coin ecosystem can be found here: https://playnance.com/gcoin  

More information about the playnance G Coin live tracker can be found here: https://www.playnance.com/gcoin-tracker

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post HYPE Price up 20% this Week as playnance’s G Coin TGE Draws Market Attention appeared first on CaptainAltcoin.

Bitcoin price in Telegram @btc_price_every_hour

103 +