Coinbase Brings Hyperliquid to Base App as HYPE Price Explodes

TLDR: 

• HYPE gained 22.53% in 24 hours, while CoinGecko recorded $1.55 billion in daily trading volume.
• Coinbase added Hyperliquid perpetual futures, opening access to more than 290 eligible trading markets.
• Regulatory comments and Coinbase’s Base App integration coincided with HYPE’s rise toward the $72.58 intraday high.
• Crypto Patel identified $70 to $74 as a key technical zone, while $77 marks a major invalidation level.

Hyperliquid (HYPE) price surged more than 22% over the past 24 hours, reaching an intraday high near $72.58. CoinGecko data placed HYPE at $71.46, with trading volume reaching $1.55 billion. 

The rally followed Coinbase’s integration of Hyperliquid perpetual futures into its Base App. Remarks concerning potential U.S. regulatory access also added momentum to the move.

Hyperliquid HYPE Price Rises as Coinbase Adds Perpetual Futures

Wu Blockchain reported that Coinbase integrated Hyperliquid perpetual futures trading into the Base App. Eligible users can now access more than 290 perpetual markets through the integration.

The available markets include crypto assets, equities, and commodity-related products. Hyperliquid handles trade execution, while the platform offers leverage of up to 50x.

Coinbase said perpetual futures account for about 75% of current crypto trading volume. The exchange also identified perpetual trading as a frequently requested feature among Base App users.

However, Coinbase will not offer the product in the United States, United Kingdom, Canada, and other restricted jurisdictions. Local rules limit access to leveraged crypto derivatives in those markets.

The integration marks a broader shift in the Base App’s product strategy. Coinbase has expanded its focus beyond social and creator features toward trading, payments, and AI agent capabilities.

Meanwhile, CryptoEmpress reported that HYPE advanced above 22% during the latest 24-hour period. The token reached $72.58 before trading near $71.40.

CoinGecko recorded a 22.53% daily increase and a 23.40% gain over seven days. The sharp move also pushed 24-hour trading volume above $1.54 billion.

Hyperliquid HYPE Trading Volume Expands as Market Tracks Key Levels

Additional attention followed remarks attributed to President Trump concerning the CFTC’s work on bringing Hyperliquid into the United States compliantly. CryptoEmpress identified those comments as another factor behind the price advance.

The account also pointed to Coinbase’s integration and Hyperliquid’s ongoing revenue-driven token burns. Trading volume expanded notably as HYPE moved higher.

The latest rally brought the $72.50 to $73.20 area into focus. That range now sits near the token’s recent intraday highs.

Separately, Crypto Patel compared the current market structure with an earlier HYPE price move. The analysis focused on Fibonacci levels, order blocks, fair value gaps, and liquidity reactions.

Crypto Patel identified the $70 to $74 range as a potential short-term reversal area. The post also set a weekly close above $77 as the level that would invalidate that short setup.

The analysis presented a separate accumulation zone between $41 and $32. Those levels remain below the current HYPE price and reflect the analyst’s technical scenario.

Lookonchain also reported continued volatility around leveraged HYPE positions. According to its data, loracle.hl lost more than $60 million across recent long and short trades.

The sequence included a reported $46 million loss from a HYPE short position in June. Lookonchain later reported additional losses after subsequent long and short position changes.

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