Hyperliquid’s native token HYPE jumped about 21% this week to roughly $40–$43, briefly entering the top 10 by market capitalization ahead of Cardano (ADA). The rally is linked to heavy platform activity — its DEX reportedly saw ~ $500 million in daily trading volume and deep liquidity — and a revenue model that directs ~97% of earnings to HYPE buybacks. BitMEX founder Arthur Hayes laid out a $150 price target for HYPE by August 2026. Cardano trades near $0.29 with analysts noting $0.23 as key support and $0.32–$0.37 as potential upside if the setup holds.

HYPE’s ~21% price increase, trading range ($40–$43), and brief top-10 market-cap ranking are concrete price signals; the DEX’s reported ~$500M/day volume and deep liquidity increase tradability; the protocol’s use of ~97% of revenue for buybacks is a tangible demand-support mechanism; Hayes’ $150 target is a notable bullish projection (but long-dated). Cardano’s slower price action and specified support/target levels are also reported facts.