HYPE Token Surges Over 30% Due to Key Upgrades
- HYPE token increases 30% post-HIP-3 upgrade, market interest grows.
- Kraken’s listing boosts HYPE visibility and trading volume.
- Deflationary mechanism enhances HYPE’s market position.
HYPE token soared over 30% to around $33-$35 in October 2025, driven by its HIP-3 upgrade and subsequent Kraken listing, reflecting a pivotal shift in the decentralized market.
The surge highlights a seamless blend of crypto and traditional markets, fueling expansive trading volumes and deflationary pressures that could influence future trends in decentralized finance.
The HYPE token experienced a 30% increase, trading between $33 to $35. The surge is attributed to the successful HIP-3 upgrade, which has enabled trading of non-crypto assets like commodities.
Hyperliquid HYPE -3.94% , a leading decentralized exchange, plays a significant role with their protocol now allowing high-volume trading. The significant change has fueled buying pressure, resulting in a notable market shift.
Protocol Enhancements and Strategic Movements
The recent upgrade has encouraged increased participation across markets, impacting both retail and institutional sectors. Market experts cite this as a major driver for upticks in portfolio interest. Financially, the protocol’s fee-burning mechanism—repurchasing fees up to 97%—introduces a deflationary element, appealing to investors seeking sustainable tokenomics. As Hyunsu Jung, CEO of Hyperion DeFi, explains:
“A deflationary mechanism not found in any other blockchain ecosystem, and an incredible structural tailwind for our treasury.”
Given the strategic movements, HYPE’s alignment with traditional markets marks a pivotal point for investors and institutions. Kraken confirmed their listing, which sparked a 22%+ surge to $32.77.
Market Predictions
With the upcoming February unlock of 9.92M HYPE tokens, market dynamics could shift. However, historical patterns suggest these moves may ultimately supply the market with potential high-value prospects. The industry influencers forecast a sustained bull market amidst these enhancements.
