Hyperliquid's HYPE token remains roughly 22% below the record high near $98 it printed on September 23, with the token changing hands between $76 and $77 on Saturday, according to COINOTAG's market reading.

A live reading placed HYPE at $76.94, a 2.8% gain over the past day, meaning the discount to the September peak remains intact even as the immediate tape showed upward movement. From that level, the token would need to gain roughly 27% to revisit the September high, so the day's upward move leaves most of that distance still open; the size of this discount is the figure that updates directly with each new live reading.

HYPE is the native token of Hyperliquid, a decentralized exchange that specializes in perpetual futures — derivative contracts that let traders take leveraged positions without a fixed expiry date — and operates on its own Layer 1 blockchain, a base network that runs independently of other chains. The token was distributed to community members through a widely covered airdrop in November 2024 and has since been among the closely followed assets in the decentralized derivatives sector.

This content was first published on COINOTAG: https://en.coinotag.com/hyperliquid-hype-trades-22-under-98-peak