{"id":31649,"date":"2026-06-11T21:03:40","date_gmt":"2026-06-11T21:03:40","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hyperliquid-overtakes-xrp-after-kalshi-rolls-out-hype-futures\/"},"modified":"2026-06-11T21:03:48","modified_gmt":"2026-06-11T21:03:48","slug":"hyperliquid-overtakes-xrp-after-kalshi-rolls-out-hype-futures","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hyperliquid-overtakes-xrp-after-kalshi-rolls-out-hype-futures\/","title":{"rendered":"Hyperliquid overtakes XRP after Kalshi rolls out HYPE futures"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Hyperliquid has overtaken XRP in futures open interest after Kalshi launched CFTC-regulated HYPE perpetuals, pushing HYPE OI to $2.48 billion and lifting the token more than 10%.<\/p>\n<div id=\"cn-block-summary-block_8e622d76dc0023fb41f9332832902498\" 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>Kalshi launched CFTC-regulated HYPE perpetual futures, helping Hyperliquid\u2019s futures open interest rise 10.7% to $2.48 billion.<\/li>\n<li>Hyperliquid overtook XRP in futures open interest, while HYPE price climbed more than 10% to nearly $59.5.<\/li>\n<li>Analysts highlighted $57 as a key reclaimed level, with liquidation data showing major resistance and short liquidity between $60 and $61.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to Kalshi, Hyperliquid perpetual futures are now available for U.S. traders through the prediction market platform following approval from the Commodity Futures Trading Commission. The company also introduced zero trading fees for a limited period and removed the waiting list for users seeking access to the new market.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">HYPE Perpetuals are now live for trading.<\/p>\n<p>Only on Kalshi. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/6hDBzc4g1N\">pic.twitter.com\/6hDBzc4g1N<\/a><\/p>\n<p>\u2014 Kalshi (@Kalshi) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/Kalshi\/status\/2065079183923904916?ref_src=twsrc%5Etfw\">June 11, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>CoinGlass data showed HYPE futures open interest rising 10.7% to $2.48 billion in the past 24 hours, surpassing XRP\u2019s $2.45 billion after the latter posted a 1.6% increase during the same period.<\/p>\n<p>The launch extends Kalshi\u2019s recent push into crypto perpetual futures after the platform introduced Solana and XRP contracts under its \u201cAmerican Perpetuals\u201d brand. Kalshi has stated that the products are designed to offer CFTC-regulated perpetual futures trading to U.S. users without expiration dates.<\/p>\n<p>A separate announcement from Kalshi indicated that additional perpetual futures tied to Dogecoin, Stellar, Chainlink, Bitcoin Cash, Litecoin, Sui, Shiba Inu, Polkadot, and Hedera could follow in the coming days.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">HYPE price gains as derivatives activity accelerates<\/h2>\n<p>According to data from crypto.news, Hyperliquid (HYPE) gained more than 10% after Kalshi announced the launch of HYPE perpetual futures. At press time, the token traded near $58.31 after climbing from a session low of $52.70 to an intraday high of $59.42.<\/p>\n<p>At the same time, futures activity expanded across major crypto exchanges. Data cited in market reports showed HYPE futures open interest increasing on Binance, OKX, and Bybit alongside the move higher in price.<\/p>\n<p>The rally also coincided with improving sentiment across risk assets after U.S. President Donald Trump indicated that progress had been made toward a potential peace agreement with Iran, reducing concerns surrounding previously planned military action.<\/p>\n<h2 class=\"wp-block-heading\">Analysts identify key levels after breakout attempt<\/h2>\n<p>From a technical perspective, HYPE has recovered from the $52.6 area and reclaimed the $57 level highlighted by several market observers.<\/p>\n<p>On the four-hour chart, HYPE has rebounded from the $52.6 support area and reclaimed the 0.786 Fibonacci retracement level near $57.6. The move has also pushed the token above the neckline of an inverse head-and-shoulders formation while bringing a descending trendline resistance from the early June highs into focus.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">Hyperliquid 4-hour price chart \u2014 June 12 | Source: crypto.news<\/figcaption><\/figure>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/AltcoinSherpa\/status\/2065003978727813419\" target=\"_blank\" rel=\"nofollow\">According<\/a> to analyst Altcoin Sherpa, reclaiming $57 on higher-time-frame charts would be a constructive development for the asset. The analyst noted that while HYPE has outperformed many altcoins this year, its future direction will likely remain tied to Bitcoin\u2019s performance.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cHyperLiquid has outperformed nearly all shitcoins this year but I also wouldn\u2019t be surprised to see this go to the low 50s\/high 40s eventually too.\u201d<\/p>\n<\/blockquote>\n<p>Commenting on the market structure, market commentator Micha\u00ebl van de Poppe <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/CryptoMichNL\/status\/2065048152730665297\" target=\"_blank\" rel=\"nofollow\">noted<\/a> that HYPE is approaching an important resistance zone that must be cleared for further upside.<\/p>\n<p>Poppe added that the current area appears attractive for accumulation following the recent correction and suggested stronger assets could regain momentum if Bitcoin enters a consolidation phase.<\/p>\n<p>Meanwhile, liquidation heatmap data from CoinGlass showed a large concentration of short liquidations between $60 and $61, placing that region in focus for traders. Additional liquidity clusters were visible near $63 and $65.9, while notable downside liquidity remained concentrated around the $54-$55 zone.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"4080\" height=\"2409\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/06\/1781211820_427_Hyperliquid-overtakes-XRP-after-Kalshi-rolls-out-HYPE-futures.webp.webp\" alt=\"Hyperliquid liquidation heatmap.\" class=\"wp-image-14466694\"  ><figcaption class=\"wp-element-caption\">Hyperliquid liquidation heatmap | Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/pro\/futures\/LiquidationHeatMap?coin=HYPE&amp;type=symbol\" target=\"_blank\" rel=\"nofollow\">CoinGlass<\/a><\/figcaption><\/figure>\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<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid has overtaken XRP in futures open interest after Kalshi launched CFTC-regulated HYPE perpetuals, pushing HYPE OI to $2.48 billion and lifting the token more than 10%. Summary Kalshi launched&hellip;<\/p>\n","protected":false},"author":1,"featured_media":31439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-31649","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\/31649","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=31649"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31649\/revisions"}],"predecessor-version":[{"id":31650,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/31649\/revisions\/31650"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/31439"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=31649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=31649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=31649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}