HYPE eyes $150 as Bitcoin strength, Hyperliquid FDV growth, and staking demand drive bullish momentum in crypto markets.
HYPE bulls are watching Bitcoin after traders linked the token’s last record high to BTC strength.
The market angle now centers on whether Hyperliquid can extend its lead after overtaking Solana by FDV.
HYPE Bulls Watch Bitcoin Near $115,000
HYPE traders are setting a fresh price target after the token reached an all-time high near $59.30.
At that time, Bitcoin was trading near the $116,000 to $117,000 range, according to market analysts.
When $HYPE made its ATH (~$59.3), BTC was already at $116k–$117k.
If Bitcoin returns to $115k, $HYPE could realistically target $100 – $150.
The correlation is real. The next leg up is loading.
#Hyperliquid #HYPE pic.twitter.com/jN8MbPcrxv
— Hyperliquid Hub (@Hyperliquid_Hub) May 21, 2026
Some analysts now say a return by Bitcoin to $115,000 could support a HYPE move toward $100 to $150.
The claim is based on recent price correlation between Bitcoin and HYPE.
The view remains a market projection, not a confirmed price path. Crypto prices can change fast, and liquidity can shift across exchanges.
One trader described the setup as “the next leg up,” while others pointed to rising interest in Hyperliquid. The comments reflect bullish market positioning, not official guidance.
Hyperliquid Overtakes Solana by FDV
Hyperliquid has gained attention after claims that it flipped Solana by fully diluted valuation.
FDV measures a project’s market value using the full token supply.
The move has increased focus on Hyperliquid’s role in decentralized trading. It has also brought more attention to HYPE price action and token demand.
Solana remains one of the largest blockchain networks by user activity and developer use.
Still, Hyperliquid’s FDV growth has drawn interest from traders seeking faster market cycles.
Market participants are now comparing Hyperliquid with other major crypto projects. Lido is one of the names being used as a benchmark.
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HYPE Gains Momentum as Hyperliquid Narrative Strengthens Across Crypto
Kinetiq Staking Becomes Key Market Focus
The discussion has also moved toward Kinetiq and HYPE staking. Analysts in the market said Hyperliquid would need about 19 times current TVL to flip Lido.
That target would require about 36% of all HYPE to be staked on Kinetiq. Traders noted that this figure is about 3% above the current circulating HYPE supply.
We'd need to ~19x TVL at current prices to flip Lido
Which would require ~36% of all hyperliquid:native to be staked on @Kinetiq_xyz
Translation: that's 3% more than total circulating hyperliquid:native
Challenge accepted https://t.co/SSLXYrepxP
— Omnia.hl π (@0xOmnia) May 20, 2026
The math shows how large the staking target would be. It also shows why liquidity and token supply remain central to the HYPE price debate.
“Challenge accepted” became a common phrase among bullish traders after the staking target was shared. The phrase reflects market interest, though it does not confirm future demand.
HYPE bulls now see three main drivers. These are Bitcoin strength, Hyperliquid’s FDV rise, and Kinetiq staking demand.
