Hyperliquid Hits Its Third All-Time High in a Week as Kraken Expands Into Perpetual Futures

Hyperliquid’s HYPE token traded at $95.17 on September 21, 2026, up 4.7% over the past 24 hours and marking the token’s third all-time high in a single week, following previous records of $94.46 set just two days earlier on September 19.

Key Takeaways HYPE is up 18.5% over the past week, outpacing Solana’s 13%, Bitcoin’s 8.2%, Ethereum’s 7.6%, and XRP’s 4.6% gains over the same stretch.

Kraken’s parent company, Payward, announced plans on September 16 to offer perpetual futures trading to US customers, a development analysts point to as one driver behind HYPE’s outperformance.

HYPE’s limited circulating float, only around 26% of total supply, is also cited as amplifying its price moves relative to more widely distributed major assets.