The native token of decentralized exchange Hyperliquid (HYPE) set a new all-time high of $89.92, narrowing the distance to the psychological $100 threshold to just 11%. According to CoinMarketCap, it officially entered the top 10 largest cryptocurrencies. Technical analyst Aksel Kibar of Tech Charts described a classic bullish scenario, with a calculated medium-term target of $100.5. The rally is backed by over $1.58 billion in daily trading volume and a market capitalization of $22.61 billion. Hyperliquid's deflationary model, which directs nearly 99% of DEX trading fees to HYPE buyback and burning, remains a long-term demand driver.