Airdrop success fuels HYPE’s 24% hike, but is there more to come? – BitRss

• HYPE flashed strong short-term bullish momentum and could be targeting $28 next
• Rising trading volume suggested the platform might be getting more popular among users

Hyperliquid [HYPE] broke the $20-mark a few hours before press time. It gained by 24.4% in the last 24 hours, with its trading volume up by 7.26% during the same period. This hike in volume and bullish price action was evidence of bullish strength.

The Hyperliquid platform has been doing well too. Its cumulative perp trading volume recently surpassed the $500 billion-mark. In fact, the leading on-chain perpetuals trading platform witnessed an average daily trading volume of over $5 billion over the past week.

An interesting development on Hyperliquid was how Ethereum’s [ETH] perp volume was greater than…