{"id":27427,"date":"2026-05-04T09:37:05","date_gmt":"2026-05-04T09:37:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hyperliquids-6m-hip-4-debut-sparks-hype-rally-whats-next\/"},"modified":"2026-05-04T09:37:17","modified_gmt":"2026-05-04T09:37:17","slug":"hyperliquids-6m-hip-4-debut-sparks-hype-rally-whats-next","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hyperliquids-6m-hip-4-debut-sparks-hype-rally-whats-next\/","title":{"rendered":"Hyperliquid\u2019s $6m HIP-4 debut sparks HYPE rally, what\u2019s next?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p><strong>Hyperliquid\u2019s HIP-4 event contracts have officially launched, adding a new prediction market product to the protocol\u2019s trading stack.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_6fdc4b6f7d87690f2205a9fbdeaadb82\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>HIP-4 opened with 6.05 million contracts, giving Hyperliquid early traction in the prediction market race.<\/li>\n<li>HYPE held near $41.64 as traders watched $44 resistance for a stronger breakout confirmation signal.<\/li>\n<li>RSI showed mild bullish momentum, while MACD stayed negative, leaving HYPE\u2019s short-term technical setup mixed.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to defioasis, the contracts <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/defioasis\/status\/2050924738944565710?s=20\" target=\"_blank\" rel=\"nofollow\">recorded<\/a> 6.05 million in nominal trading volume on the first trading day.<\/p>\n<p>That volume gave HIP-4 about 0.7% of the day\u2019s prediction market share. Kalshi led with 546 million contracts, while Polymarket recorded 190 million.\u00a0<\/p>\n<p>Limitless followed with 68.26 million, Crypto.com with 28.2 million, Opinion with 25.72 million, and Predict Fun with 11.8 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>HYPE price holds near upper range<\/strong><\/h2>\n<p>HYPE (HYPE) traded at $41.64 at press time, with 24-hour trading volume of $255.91 million, based on crypto.news data. The token gained 1% in the past day, while it stayed down almost 2% over the past week. The token\u2019s market cap stood near $9.92 billion, based on a circulating supply of 240 million HYPE.\u00a0<\/p>\n<p>Meanwhile, HYPE is consolidating near the upper part of its recent range. The price remains below the $42.50 to $44.00 resistance area, which traders are watching for a clean breakout.<\/p>\n<p>Support sits near $40.50 to $41.00. As long as HYPE holds that zone, buyers may attempt another move toward $42.50 and $44.00. A break below $40.50 would weaken the short-term setup and place $38.00 and $36.00 back in focus.<\/p>\n<p>The RSI sits at 54.38, above its moving average of 51.94. That shows mild bullish momentum, but not strong buying pressure. A move above 60 would improve the bullish setup, while a fall below 50 would show weaker demand.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/FQeb6cZ4\/\" target=\"_blank\">TradingView<\/a><\/figcaption><\/figure>\n<p>The MACD remains less clear. The MACD line is at 0.357, below the signal line at 0.510, while the histogram sits at -0.153. This means bearish pressure has not fully cleared, though the move appears to be stabilizing.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Hyperliquid\u2019s wider market role supports attention<\/strong><\/h2>\n<p>Hyperliquid runs its own layer-1 blockchain built for high-frequency trading. Its main product is an on-chain perpetual futures exchange, while the ecosystem also supports spot trading, lending, borrowing, and HyperEVM for Solidity-based apps.<\/p>\n<p>The report also noted that Hyperliquid has held a strong position in on-chain perpetual futures volume. It added that part of trading fees goes toward buying back and burning HYPE tokens, tying exchange activity to token economics.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid\u2019s HIP-4 event contracts have officially launched, adding a new prediction market product to the protocol\u2019s trading stack.\u00a0 Summary HIP-4 opened with 6.05 million contracts, giving Hyperliquid early traction in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=27427"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27427\/revisions"}],"predecessor-version":[{"id":27428,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/27427\/revisions\/27428"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/681"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=27427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=27427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=27427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}