Hyperliquid Weekly — HYPE at $67.36, BuyHype model holds WAIT at 55%
2026-06-22 · 2026-w26
The BuyHype Bayesian model maintains a WAIT verdict at 55% up-probability, down from 58% a week ago. The single biggest reason for the slight decline is the 3.1% WoW drop in protocol fees to $15.29M, signaling a minor slowdown in network activity despite a 2.6% HYPE price increase to $67.36.
Protocol fees fell to $15.29M from $15.77M, a 3.1% WoW decline, while chain DeFi TVL dipped 0.6% to $1.50B. Stablecoins on Hyperliquid grew 0.9% to $6.42B, indicating continued capital inflows despite the fee and TVL softness. Perps core metrics show 24h volume of $3.52B and open interest of $6.38B, suggesting robust trading activity.
The Assistance Fund now holds 45.35M HYPE, with a net buyback of +0.15M HYPE over the week. However, the unstaking queue shows 3.65M HYPE set to complete within 7 days, creating potential selling pressure that partially offsets the buyback. HIP-3 builder markets saw 8 DEXs with combined 24h volume of $1.52B, led by top builder XYZ at $1.49B; top markets include xyz:CL at $285.99M, xyz:XYZ100 at $201.92M, xyz:SKHX at $185.13M, xyz:BRENTOIL at $112.15M, and xyz:SPCX at $100.14M.
News this week was mixed. Regulatory headwinds were flagged despite HYPE's 194% rally in 2026, and price stalled under $75 resistance. Whale positions fluctuated from $4.369B (long-short ratio 0.99) to $4.441B (ratio 1.01). A trader lost $1.33M on a CL long, while a new wallet opened a $38.76M CL long. HYPE ETF inflows outpaced Bitcoin and Ethereum, and Hyperliquid Strategies Inc. (PURR) was added to the S&P Global BMI Index. A new wallet deposited $6.68M USDC and opened 20x shorts on BTC, SOL, and ETH.
Next week, watch whether the unstaking queue outflow materializes and whether protocol fees rebound above $15.5M. This is data commentary, not financial advice.
See the live AI buy / wait / avoid signal →Past issues
- Hyperliquid Weekly — HYPE drops 8.9% while fees climb 16.3% 2026-10-19
- Hyperliquid Weekly — Fees Flat at $17.89M, HYPE Down 6.3% 2026-10-12
- Hyperliquid Weekly — Fees Down 22.5% as HYPE Rises 4.7% 2026-10-05
- Hyperliquid Weekly — HYPE falls 6.5% as verdict holds WAIT at 57% 2026-09-28
- Hyperliquid Weekly — Fees Up 50.5% as HYPE Holds a 62% Buy Signal at $95.42 2026-09-21
- Hyperliquid Weekly — HYPE Slides 8% as Fees Fall 21.9% but Buy Signal Rises 2026-09-14
- Hyperliquid Weekly — WAIT at 56%, Fees Down 24.8% as HYPE Rises to $86.66 2026-09-07
- Hyperliquid Weekly — WAIT at 56% as protocol fees fall 13.8% 2026-08-31
- Hyperliquid Weekly — Fees triple to $24.63M, but model says WAIT at 57% 2026-08-24
- Hyperliquid Weekly — HYPE up 8.4% to $59.26, but fees down 15.1% 2026-08-17
- Hyperliquid Weekly — Revenue Drops 22.6% as Volume Hits Record 2026-08-10
- Hyperliquid Weekly — HYPE Drops 13.6% to $52.03, Buy Probability Edges to 58% 2026-08-03
- Hyperliquid Weekly — Fees dip 13% WoW to $10.65M, HYPE holds $60 with 55% up-probability 2026-07-27
- Hyperliquid Weekly — Verdict WAIT at 58% as HYPE drops 7.5% WoW 2026-07-20
- Hyperliquid Weekly — HYPE down 7.7% as fees slip 15.6%, but stablecoins rise 2% 2026-07-13
- Hyperliquid Weekly — HYPE up 12.4% to $70.21, but fees slip 10.1% WoW 2026-07-06
- Hyperliquid Weekly — Verdict WAIT at 58% as fees rise 4% but price drops 7.3% 2026-06-29
- Hyperliquid Weekly — HYPE up 11.4% but fees crash 46.5% to $15.77M 2026-06-15