Why $HYPE just jumped 20% in a single day & what's next? Hyperliquid has been catching one tailwind after another: - @Bitwise launched its $HYPE Spot ETF (BHYP) on the NYSE today, complete with staking rewards. One of the first US-listed Spot HYPE ETFs to ship - HashKey Exchange opened OTC trading for $HYPE for professional investors starting May 14 - @coinbase officially became the $USDC treasury deployer on Hyperliquid, and Circle is expanding stablecoin infra on the chain - @HyperliquidX spent around $640M to buy back and burn over 43M $HYPE since the start of 2026 - Holders received over $50M in revenue-share from trading fees just in early May alone $HYPE is up ~100% since launch. With revenue this strong and community engagement growing, $HYPE landing in the top 10 by market cap feels less like speculation and more like a matter of when That said, too many good news at once + euphoric sentiment at the moment = expect a meaningful pullback before the next leg up DYOR