HYPE Coin, the native token of Hyperliquid, has taken the crypto world by storm in Q2 2025. The digital asset surged to an all-time high in May and continues

If you're looking for an altcoin that has made serious gains in Q2 2025, look no further than HYPE Coin, the native token of Hyperliquid.

The digital asset hit an all-time high in May and continues to trade in bullish territory in early June. Its recent rally has been supercharged by a Binance listing statement and a highly publicized spat on social media between key figures in the crypto industry- turning investor attention sharply toward the altcoin.

Binance Listing Statement Ignites Hype

One of the biggest catalysts behind HYPE’s explosive growth is Binance’s statement that the coin will be listed on its spot trading platform.

The news, which came via Binance’s official X (formerly Twitter) account, had traders buzzing and HYPE surging by over 20% over three days.

The statement follows rumors that Binance was planning to delist some low-volume altcoins, with traders speculating that lesser-known tokens could be in danger.

However, Binance’s decision to add HYPE to its listing queue signals strong institutional validation for the project.

Traders responded by pushing the token into the top-performing altcoins for the quarter.

Yan vs. CZ: Crypto Clash Fuels Visibility

Adding more fuel to the fire, a public dispute erupted between Hyperliquid founder Jeff Yan and Binance’s co-founder Changpeng Zhao (CZ).

The drama began after James Wynn’s $100 million Bitcoin position was liquidated, leading CZ to openly criticize Hyperliquid’s public liquidity pools.

suggesting a transition to private dark pools to avoid aggressive liquidation events.

Jeff Yan, however, countered that private pools could be even more vulnerable to manipulation by insiders. He defended the project’s transparent pool structure, fueling widespread debate across social platforms.

Wintermute founder Evgeny Gaevoy joined the conversation, calling the dispute “a brilliantly orchestrated marketing move” for Hyperliquid.

Whether intentional or not, the buzz has undoubtedly amplified visibility and interest in HYPE Coin.

Social Sentiment and On-Chain Data Support the Surge

Recent on-chain metrics show that HYPE Coin isn’t just benefitting from headlines- it’s also seeing real traction in the market.

According to data from Santiment, trading volume and social followers for HYPE increased steadily through April and May.

Perhaps most telling is the spike in weighted sentiment, which reached its highest point just before HYPE hit its all-time high in May.

Although sentiment slightly dipped toward the end of the month, it has since rebounded with the Binance statement and positive price momentum in early June.

What’s Next for HYPE Coin?

As June unfolds, HYPE Coin appears well-positioned to challenge its previous all-time high and potentially break into uncharted price territory.

With investor confidence returning, social buzz climbing, and more exchange listings likely on the horizon, the fundamentals point to continued upside.

The token’s three-day rally, combined with strong community engagement and positive macro conditions in the crypto market, gives bullish traders hope that HYPE could soon test the $2 mark and beyond.

While volatility remains a factor- as with any emerging altcoin- analysts suggest keeping an eye on both technical indicators and social sentiment.

If the buzz continues and Binance follows through with a concrete listing date, the HYPE could become more than just a name.

News data source: kdj.com

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