Hyperliquid (HYPE) Rally, Ripple Prime Link and Grayscale's ETF Filing Put Token in Focus
Hyperliquid's HYPE token surged after breaking the $30-$32 moving-average cluster, later struggling to hold above short-term averages after failing to keep gains past highs near $43. The protocol is also drawing attention from institutional channels after Ripple integrated Hyperliquid into Ripple Prime in February, and after Grayscale filed an amended S-1 for a proposed Grayscale HYPE ETF on May 11, 2026.