Hyperliquid's HYPE token has recently experienced a surge in attention, driven by its listing on Robinhood and other positive developments. This has led to increased interest in how high the price could potentially climb. Several factors influence HYPE's price, and a realistic prediction requires a comprehensive analysis.

Recent Price Action and Market Sentiment

On October 23, 2025, HYPE's price jumped following the announcement of its listing on Robinhood, briefly crossing the $40 mark. This listing provides access to a broader retail user base in the U.S., potentially leading to increased demand. Trading volumes also surged, indicating heightened market activity. HYPE is up over 10% following the Robinhood listing. As of October 24, 2025, HYPE was trading around $40, up approximately 8.1% over the past 24 hours and nearly 19% from its lowest point in the past week.

Potential Price Targets

Several analysts have offered potential price targets for HYPE. One analysis suggests that if the rally accelerates beyond $45, HYPE could reach $60 in the coming weeks. This target coincides with the token's all-time high reached in September 2025. Another analysis points to a potential 54% rally if HYPE breaks out from a falling wedge pattern, potentially reaching $61.5. These targets are contingent on sustained positive momentum and overcoming resistance levels.

Factors Influencing HYPE's Price

Several factors could influence HYPE's price trajectory:

• Robinhood Listing: The increased accessibility to retail investors through Robinhood could drive demand and support price appreciation.
• Hyperliquid Strategies' Treasury Expansion: Hyperliquid Strategies Inc. has filed to raise $1 billion, with plans to allocate a significant portion to HYPE purchases. This could create sustained institutional buying pressure and tighten the token's supply. The firm already holds 12.6 million HYPE and $305 million in cash earmarked for further purchases.
• Protocol Revenue and Buybacks: Hyperliquid utilizes a significant portion (97%) of its revenue to buy back HYPE tokens, which reduces the token supply and supports its value.
• Technical Analysis: Technical indicators, such as the Relative Strength Index (RSI) and Aroon indicators, suggest positive momentum and buying pressure. A breakout above the $41 to $42 zone could trigger further upward movement.
• HIP-3 Upgrade: October's HIP-3 upgrade enables permissionless perpetual market creation, potentially boosting fees and buybacks.

Potential Risks and Challenges

Despite the positive outlook, several risks and challenges could hinder HYPE's price appreciation:

• Token Unlock Schedule: Beginning in November 2025, a significant portion of HYPE supply (23.8%, or 238 million tokens) will begin vesting, releasing approximately 10 million HYPE monthly through 2027. This could create substantial sell pressure and overwhelm demand, potentially leading to price declines.
• Market Volatility: The cryptocurrency market is inherently volatile, and HYPE's price is subject to fluctuations based on broader market trends and sentiment.
• Competition: Hyperliquid faces competition from other decentralized exchanges (DEXs) and centralized platforms.
• Regulatory Uncertainty: The evolving regulatory landscape for cryptocurrencies could impact HYPE's price and adoption.

Market Capitalization and Trading Volume

As of October 2025, Hyperliquid's market capitalization is approximately $12.09 billion to $13.71 billion. The 24-hour trading volume ranges from approximately $437 million to $720 million, reflecting significant market activity.

Conclusion

HYPE's price potential after its Robinhood listing is influenced by a combination of factors, including increased accessibility, potential institutional buying, strong fundamentals, and positive technical indicators. While analysts suggest potential price targets of $60 to $61.5, the token faces challenges such as the upcoming token unlock schedule and market volatility. Investors should carefully consider these factors and conduct thorough research before making any investment decisions.