The price of Hyperliquid's HYPE surpasses Solana, with SOL price dropping to its lowest level since 2023
By: rootdata|2026/06/05 04:45:02
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According to The Block, the price of Hyperliquid's HYPE token surpassed Solana on Wednesday, which has fallen to its lowest level since 2023. HYPE reached an all-time high of $74.67 on Tuesday and is currently trading at $74.47, higher than Solana's $71.62. Over the past month, HYPE has risen about 24%, making it one of the few assets among the top 20 cryptocurrencies to increase, while Solana has dropped nearly 14% during the same period.
In terms of market capitalization, Solana still leads with about $42 billion compared to Hyperliquid's approximately $16 billion, but the gap is rapidly narrowing. CoinShares released a valuation report on Tuesday stating that HYPE is one of the few crypto assets where protocol activity almost directly translates into token demand, with a target price of about $147 by 2031 under the baseline scenario.
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