🪐 HYPE surges above $73 as retail excitement peaks Hyperliquid’s token has broken into new all-time high territory, briefly trading above $73, while social activity across X, Reddit, and Telegram reaches its strongest levels in 2026 so far. The move appears to be driven more by hype-driven momentum than by a clear fundamental re-rating. 🕸️ Although perpetuals volume on HYPE continues to expand rapidly, the token supply remains fixed and protocol revenue growth is still in early stages. This creates a setup where price momentum may be fueled more by short-term speculation than sustained value creation, increasing the risk of an exhaustion phase. Compared to macro-led assets like BTC or development-driven ecosystems like ETH, HYPE currently lacks a deeply established long-term utility narrative beyond its role as a leading DEX token. As a result, the move may be more sentiment-driven than structurally supported. 👁️‍🗨️ My bias leans toward caution here, with a higher probability of a retracement as traders begin taking profits and social momentum cools off. ⚠️ Personal view only. Not financial advice. DYOR. #AnthropicFilesForIPO #HYPEHitsNewATH #StrategySellsBitcoin