Why HYPE Climbed 40% Amid a $300M Unlock: Tokenized Silver and Real Trading Fuel Rally

While most major crypto assets have struggled this year, one token is bucking the trend. Hyperliquid’s native token HYPE has climbed sharply even as Bitcoin, Ethereum and Solana sit deep in the red year-to-date — and the reason appears to be real trading activity, not sentiment. What changed Hyperliquid recently pushed into real-world assets (RWAs), beginning with tokenized silver. That move brought heavy on-chain volume: in just a few weeks the platform handled roughly 2% of global primary silver trading. Because trading fees on Hyperliquid are paid in HYPE, that surge in RWA activity translated directly into increased token demand. A surprising unlock Normally, large token unlocks depress prices. But between February 2–8, HYPE recorded what Tokenomist flagged as the largest token unlock by value in the market — more than $300 million worth of tokens entered circulation — and the token still rallied. Over that week HYPE gained about 40%. Why the price held up Several developments helped absorb the new supply: the rollout of HIP-3, record trading volume and open interest on the platform, and a fresh listing on Kraken. Together those factors appear to have supported sustained demand even after the big unlock. What’s next: outcome-based trading Hyperliquid also announced plans to add outcome-based trading to HyperCore. These are fully collateralized contracts that settle inside a defined range. They differ from traditional leveraged derivatives: they are time-bound, avoid liquidations, and provide a simpler, capped-risk way to express market views. Early applications include prediction-style markets and structured trades with limited downside. Outcome products are still under testing, but the update signals Hyperliquid is positioning itself for more “real” activity rather than speculative flows alone. Bottom line HYPE’s recent performance suggests a shift in how RWAs and new product types can drive on-chain demand. Whether this momentum is sustainable will depend on continued real-world volume, successful product launches, and broader market conditions. Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news