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Volume

Hyperliquid surges in May, cumulative volume exceeds $242b

by admin June 2, 2025

Hyperliquid, the biggest player in decentralized perpetual futures, had its best month ever as volume on its platform soared and its token surged to a record high.

Hyperliquid (HYPE) price soared to $39.92 on May 26, up by over 327% from its lowest point in April. This surge brought its market cap to over $10.9 billion and the fully diluted valuation to over $35 billion.

Data shows that Hyperliquid had a cumulative volume of over $242 billion in May, much higher than other companies combined. Jupiter had $19.78 billion in volume, while Apex Protocol, APX Finance, and edgeX had less than $10 billion each.

Hyperliquid’s volume in May was much higher than April’s $187 billion and March’s $175 billion. This growth means that Hyperliquid has processed tokens valued at over $1.6 trillion since its inception.

Hyperliquid now competes with top centralized exchanges like Binance, Bybit, and Bitget. It handled over $4 billion in assets in the last 24 hours, while the three centralized platforms handled $41.27 billion, $15 billion, and $14 billion.

The soaring volume made Hyperliquid one of the most profitable players in the crypto industry. It made over $69 million in fees in May. That’s higher than Ethereum (ETH), Raydium (RAY), and BSC Chain, which made $40 million, $42 million, and $15 million, respectively.

Hyperliquid’s volume rebounded as the crypto market bounced back, with Bitcoin soaring to a record high of $111,900, and the market cap of all coins crossing the $3.5 trillion market cap.

HYPE price technical analysis

HYPE price chart | Source: crypto.news

The 12-hour chart shows that the HYPE price bottomed at $9.2952 on April 7, then surged to $39.92 in May. It formed a cup-and-handle pattern whose upper side was at $28.40. A C&H pattern is one of technical analysis’s most bullish continuation patterns.

HYPE has pulled back as the crypto market crash continued.

The most likely scenario is it drops and retests the upper side of the cup and then resumes the uptrend. This performance is known as a break-and-retest and is a popular continuation sign.

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June 2, 2025 0 comments

NFT Gaming

Hyperliquid Whale James Wynn Fully Liquidated After $16.8B in Trading Volume

by admin June 1, 2025

James Wynn, the trader whose risky moves on Hyperliquid captivated crypto watchers this month, has been fully liquidated.

He ended a volatile month with just $23 left in his account, according to HyperDash data.

Wynn built his reputation and following by placing massive, leveraged on-chain trades across bitcoin

, PEPE , and other tokens.

His downfall began with a $1.25 billion long position on BTC that unraveled as prices dropped below $105,000 amid growing geopolitical uncertainty. That trade alone cost him more than $37 million after fees.

The trader briefly pivoted to memecoins like PEPE, where one long position initially gained over 10%, before market swings liquidated him again.

Over the course of the month, Wynn cycled through assets including ETH, SUI, TRUMP, and even FARTCOIN. His trades at one point saw him achieve an unrealized gain of $85 million.

An account associated with Wynn on X commented on the liquidation and dismissed the losses. “I’ll run it back, I always do. And I’ll enjoy doing it. I like playing the game,” the account wrote on X. “I took a large and calculated bet at making billions.”

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June 1, 2025 0 comments

Crypto Trends

Tron analysts predict next $0.30 rally, Unilabs crosses DOGE volume

by admin May 31, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

TRON hits $600b USDT transfers as Unilabs presale hits $1.39m, setting the stage for TRX and UNIL growth in 2025.

TRON Network has achieved a new milestone. Tether USDT by Tron has reached an all-time high in transactions: $600 billion. This shows the network’s growing role in stablecoin transfers in the crypto world.

Meanwhile, Unilabs, a game-changing AI-powered platform, is giving tough competition to market leaders. In its ongoing presale, UNIL has shattered records by raising $1.39 million in just a week.

While analysts predict some turbulence in the TRX price, Unilabs is all set to lead the market in the 2025 bull run. Find out more about UNIL and how the record transaction volume in the Tron network could impact the TRX price.

Game-changer investment platform: Unilabs sees growing demand

Unilabs is transforming the crypto investment space with the first-ever entirely AI-backed asset manager. This platform is changing retail investing by providing access to institutional-grade investment strategies and tools without any human intervention.

The project recently launched its token presale, raising over $1.39 million in a short period. This demonstrates high investor confidence in the platform and its potential for long-term growth.

Unilabs uses the “Early Access Scoring System (EASS),” which evaluates over a thousand cryptocurrencies in real time. According to the market conditions and risk-reward ratio, the platform changes strategies across different market segments, including memecoins, different fund bases, and risk levels.

The platform uses AI technology to make these funds and offers investors real-time NAV tracking for their peace of mind:

AI Fund: Invests in projects rooted in artificial intelligence.
BTC Fund: This fund covers various Bitcoin-related assets.
RWA Fund: Invests in blockchain assets like commodities and real estate.
Mining Fund: This fund lets investors earn from mining activities.

With over $30 million in assets under management (AUM), Unilabs now leads the AI-crypto segment and is fully prepared to disrupt asset management. In its ongoing presale, UNIL tokens are available at a highly undervalued price of $0.0051. As AI adoption is increasing exponentially, Unilabs could be the biggest AI opportunity in the crypto market.

Tron Network growth: What it means for TRX price?

Tether (USDT) transactions on the TRON network have reached a record-breaking $600 billion, showing strong demand for the network’s services. Since January 2022, the Tron network has consistently handled more USDT volume than Ethereum, cementing its position as a key player in the stablecoin market.

While some see TRON as a fading giant compared to newer Layer-1 blockchains, its rising on-chain activity tells a different story. The surge in USDT transactions highlights TRON’s growing utility, and this momentum could support a positive trend in the TRX price.

After reaching a high of $0.44 in the November rally, the TRX price has faced immense bearish pressure, dropping below the $0.22 support. However, in the recent broader market reversal, the TRX price has surged 40% from the previous swing lows.

Prominent crypto and DeFi analyst Zola Christian recently posted on X that the TRX price has performed impressively, rising 115% annually to date. He further added that the coin could soon break the $0.30 resistance level.

While Tron Network has continuously grown outperforming giants like Ethereum, some analysts are still skeptical whether the TRX price could sustain the extended rally. Savvy investors are already diversifying into futuristic projects like Unilabs, which can explode in the upcoming rally.

Key takeaways

Tron Network is still growing steadily, but TRX has yet to show strong signs of a lasting price recovery. According to analysts, investors will start focusing on platforms that show technological strength and market-demand potential — the current market leader is Unilabs.

Smart investors are paying close attention to the UNIL presale, and developments surrounding it are starting to resemble the early TRX before its 2024 rally.

Get to know more about Unilabs by visiting the official site and Telegram.

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

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May 31, 2025 0 comments

GameFi Guides

Cardano (ADA) Volume Surges 40.66% to $1.85B Amid Bullish Sentiment

by admin May 31, 2025

ADA volume rises
Cardano sees minor price dip

Coinglass data has noted that trading of Cardano derivatives is up by almost 40% in the last 24 hours, to over $1.85 billion. Such a rise in volume seems to indicate that more people are becoming interested in ADA, possibly traders and large institutions.

ADA volume rises

Open interest, which shows the number of unsettled contracts, has declined slightly to $851 million, a drop of about 10.31% in the last 24 hours. This could be because some traders took profits on their trades.

At the same time, ADA options trading has almost vanished, dropping by 92.94% to $6,590 in volume. With options being used for short-term strategies, this could reveal that investors are paying less attention to long-term risks.

Currently, the long/short ratio for Cardano’s native token is 0.8804, so there are more short positions than long ones on exchanges. Yet, this ratio on Binance stands out, with 2.6887 longs for every short placed, suggesting more traders think the price will go up.

2.5984 is the long/short bias on OKX. It reflects that a number of traders are prepared to take risks by buying.

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Liquidations, which take place when there are not enough funds to keep a trade open, are also happening frequently. Yesterday, the liquidation of ADA positions saw $8.4 million in losses, with the bulk ($8.34 million) being attributed to long trades.

Shorter time frames show similar patterns: $1.48 million in liquidations over 12 hours, $1.23 million over 4 hours, and smaller amounts in hourly intervals.

Cardano sees minor price dip

Current CoinMarketCap data shows that the tenth-largest cryptocurrency by market cap is currently trading at $0.7059 after a 3.57% drop in the last 24 hours. The drop in price has not stopped this digital currency from remaining one of the major assets in the cryptocurrency market, with an overall evaluation of $24.94 billion.

The asset still maintains a ratings score of 75%, showing investors are confident in it despite market changes. After briefly rising to $0.7388, ADA declined to be close to $0.705.

The key level to watch is $0.70. If ADA’s price drops below it, it might signal further downside.

Source: CoinMarketCap

Cardano’s long-term success depends on its roadmap and how ADA is used in the Decentralized Finance (DeFi) sector and various other blockchain applications. Though the daily price decreases may be troubling, higher trade activity might open the door for new movements.

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May 31, 2025 0 comments

Crypto Trends

volume surge hints at breakout

by admin May 30, 2025

Hyperliquid coin has been remarkably resilient during the broader market correction, maintaining strength above a key support zone at $29.20. With high-timeframe structure intact and strong volume confirming the breakout, a rotation toward new highs above $39 is increasingly probable.

While the overall market has experienced a period of consolidation and correction, Hyperliquid coin (HYPE)has shown notable strength by holding above its high-timeframe support. This level is not just psychological, it’s technically rich, aligning with the value area high, the 0.618 Fibonacci retracement, and the anchored VWAP level. These overlapping supports form a highly reliable demand zone that Hyperliquid coin has now successfully retested.

Key technical points

$29.20 High Time Frame Support Zone: Confluence of VWAP, 0.618 Fibonacci, and value area high make this level a strong foundation for bullish continuation.
34% Breakout Potential: If support holds, a measured move targets $39.10, representing a 34% price increase.
Volume Spike Confirms Breakout: A surge in volume after breaching $29.20 solidifies the breakout. Continued volume is critical for trend continuation.

HyperLiquid (1D) Chart, Source: TradingView

Since establishing a swing low, Hyperliquid coin has been printing a clear bullish structure with higher highs and higher lows. The most recent move saw price travel through the value area low, reclaim the point of control, and then tap the value area high—before settling into a clean retest of the $29.20 support level. This is now acting as a base for the next leg higher.

What’s occurring now is a classic technical retest. Price has come back to confirm the breakout level with elevated volume, which is above average relative to recent sessions.

This confirms demand interest and gives further credibility to the breakout. If volume remains consistent or increases, the probability of a sustained move toward higher resistance zones dramatically improves.

Hyperliquid coin’s ability to outperform the broader market during correction phases is another bullish signal. When assets lead on strength while others pull back, they often become the first to break out once market-wide sentiment shifts. The structural integrity of this setup is clean and technically valid, and momentum appears ready to resume, pending continued volume flow.

What to expect in the coming price action

If Hyperliquid coin holds above $29.20 with sustained volume, the bullish structure remains intact. Expect a rotation toward the $39 region, a 34% move from current levels.

Failure to hold the level would require re-evaluation, but for now, technicals strongly favor continuation to the upside.

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May 30, 2025 0 comments

NFT Gaming

SUI Plunges 9% Amid Flash Crash and Extraordinary Selling Volume

by admin May 30, 2025

SUI plummeted 9.25% from $3.72 to $3.38, with heaviest selling during midnight hours UTC on volume 78% higher than daily average

The recent correction comes amid broader geopolitical tensions affecting cryptocurrency markets globally.

While Bitcoin has shown resilience above critical resistance zones, SUI has faced downward pressure despite strong fundamentals.

The Cetus Protocol exploit that resulted in $223 million in stolen assets (with $162 million frozen) has created uncertainty, though the Sui community appears poised to approve a recovery plan with 71% of validators already voting “yes” to return the frozen funds.

Technical Analysis Breakdown

SUI-USD dropped from a high of $3.728 to a low of $3.383, representing a 9.25% correction.
Strongest selling pressure occurred during the midnight hour (00:00) with 4.0% price drop on 78% higher-than-average volume.
Strong resistance established at $3.55 level.
Recovery attempts visible at $3.42 support with above-average volume during 01:00-02:00 period.
Lower highs forming a descending trendline, indicating continued bearish pressure.
Flash crash occurred between 09:37-09:38, with price plummeting from $3.45 to $3.40.
Extraordinary volume of 4.3 million units recorded during the flash crash.
V-shaped reversal pattern formed, reclaiming approximately 60% of losses.
Price stabilization around $3.43-$3.44 range.
Key support at $3.40 showing substantial buying interest across multiple timeframes.
New resistance formed at $3.45-$3.46, creating a consolidation range. Diminishing selling pressure suggests potential near-term stabilization.

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May 30, 2025 0 comments

GameFi Guides

SUI Volume Down 42.82% Amid $220 Million Cetus Hack

by admin May 25, 2025

SUI has seen a steep 42.82% plunge in trading volume following a major security breach on Cetus, according to data provided by TradingView.

The incident occurred May 22, 2025, when Cetus, the leading decentralized exchange and liquidity hub on the SUI blockchain, was reportedly hacked, causing a ripple effect across the SUI ecosystem.

The attacker allegedly drained approximately $223 million from Cetus Protocol, although the team managed to freeze $162 million shortly after. In an attempt to recover the remaining funds (including 20,920 ETH), the Cetus team is now offering a $6 million white hat bounty to the perpetrator.

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The hack had a devastating impact on the SUI ecosystem’s liquidity pools. Several ecosystem tokens suffered catastrophic losses, with many dropping over 75% in value. Notably, tokens like Lombard Staked BTC (LBTC) and AXOLcoin (AXOL) nearly collapsed in price. The top 15 worst-hit tokens all lost more than three-quarters of their market value on Cetus.

SUI price down $5.22

SUI itself wasn’t spared. The token has fallen 5.22% since the incident and is currently trading at $3.64. This drop has erased part of the impressive 23% gain it posted earlier in May.

Source: TradingView

The token’s strong earlier performance was linked to growing institutional partnerships aimed at tokenizing real-world assets globally — a development that had boosted the asset’s utility and investor sentiment.

However, the recent breach, combined with a broader crypto market pullback sparked by renewed tariff concerns, has put downward pressure on SUI’s price. The failed attempts to break above the $4.25 resistance zone may have triggered profit-taking from short-term traders, further dragging the price below the 20-day EMA at $3.70.

If this bearish momentum continues and the price stays below this level, the SUI/USDT pair could slide toward the 50-day SMA at $3.00.

While the long-term fundamentals around SUI remain promising due to ongoing adoption initiatives, the fallout from the Cetus hack and weakening technical indicators suggest a cautious short-term outlook.

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May 25, 2025 0 comments

GameFi Guides

XRP Volume Skyrockets on Coinbase With $1 Billion Surge: What’s Going On?

by admin May 24, 2025

XRP, the fourth-largest cryptocurrency by market capitalization, is seeing a volume surge on major cryptocurrency exchange Coinbase.

According to CoinGlass data, the XRP/USD trading pair on Coinbase recorded a significant $1.06 billion in trade volume in the last seven days, marking a 3,445% increase.

Bitcoin achieved fresh all-time highs this week; in this cycle, Bitcoin’s climb has frequently been punctuated by periods of consolidation before the next move higher, accompanied by rotation into altcoins.

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As traders rotate into altcoins, XRP is attracting interest on Coinbase, particularly from retail and U.S.-based investors.

An increase in volumes might suggest increased interest and positioning, potentially signaling a bigger move ahead.

XRP price action

The crypto market turned red over the weekend, as major cryptocurrencies saw profit-taking after a strong week.

XRP/USD Daily Chart: TradingView

XRP fell to lows of $2.284 on Friday as Bitcoin, which had been trading above $111,000, dropped quickly to around $108,600, wiping out intraday gains and rattling broader market sentiment.

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BTC’s drop was mirrored across the crypto market, with the market capitalization falling as traders sought to lock in gains amid increased volatility.

XRP remains stuck inside the $2.65 to $2 range, reflecting a balance of supply and demand. The RSI is near the midpoint, indicating that XRP may continue inside the range for a few more days.

A break and closure above $2.65 will complete a bullish inverse head-and-shoulders pattern, with a target price of $3.70. Alternatively, a break below $2 might indicate bearish pressure. This increases the chance of a slide to $1.60, then $1.27.

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May 24, 2025 0 comments

Crypto Trends

$1.2 Billion Volume Despite Price Drop

by admin May 24, 2025

The cryptocurrency market fell into the weekend, with major coins, like Cardano’s ADA, plunging by more than 7%.

Bitcoin’s price fell significantly, causing major losses across the cryptocurrency market. Bullish cryptocurrency bets lost more than $500 million in the last 24 hours as traders took profits as the markets fell.

ADA/USD Daily Chart, Courtesy: TradingView

Over the past 24 hours, the price of ADA has dropped by nearly 3.76%, reaching around $0.76. This decline is part of a broader trend, which coincides with a general dip in the cryptocurrency market. Nonetheless, Cardano (ADA) saw an increase in trading volume, reaching $1.2 billion, according to CoinMarketCap data.

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If the price continues lower, Cardano could drop to the 50-day SMA at $0.69 and later to support at $0.60. Contrarily, a strong bounce off $0.75 shows demand at lower levels. The bulls will then seek to push the ADA price above $0.86. If they succeed, Cardano might reach $1.01.

Cardano sees growth

According to Messari’s recently released report, in Q1, Cardano’s stablecoin market cap increased by 30% to $30.1 million.

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Cardano’s average transaction cost increased 27% to $0.29, while the average transaction fee (in ADA) increased 1% quarterly to 0.34. Cardano’s treasury balance (in ADA) increased 5% quarterly to 1.7 billion ADA, while the treasury’s USD value declined by 19% to $1.1 billion. The treasury provides funds to sustain and expand Cardano, with resources deployed through community governance following the Plomin hard fork in Q4. Currently, 20% of Cardano’s transaction fees are directed to the treasury, which can be modified through governance.

The Plomin Upgrade, implemented through CIP-1694, enabled 1,220 DReps to support decentralized governance, marking a historic moment. With Ouroboros Leios prepared to cut block production and finality to a few seconds, Midnight’s ZK-proof privacy features and the Grayscale ETF filing, Cardano is anticipating major milestones in the coming days.

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May 24, 2025 0 comments

NFT Gaming

Bitcoin Trading Volume Soars as Price Pumps to New Heights

by admin May 23, 2025

In brief

Bitcoin futures trading volume on Wednesday jumped to over $203 billion, third-most so far in 2025.
Spot trading volume also soared this week as Bitcoin’s price spiked.
The leading virtual coin reached an all-time high near $112,000 on Thursday.

Bitcoin trading volume for spot and futures exchanges has soared the past two days as the underlying asset pumped to new heights.

Spot trading volume for the world’s largest crypto by market value hit the highest two-day total in nearly two months, $150 billion, according to crypto markets data provider CoinMarketCap. Meanwhile, BTC futures trading volume on Wednesday jumped to over $203 billion, the third-highest daily total of 2025, according to CoinGlass.

Those figures come as BTC’s price climbed to all-time highs just shy of $112,000. Bitcoin was recent trading at about $111,100, up 2% over the past 24 hours and nearly 8% for the past week. The surge has come as investors buoyed by encouraging macroeconomic signs, but also confident in Bitcoin’s status as a potential hedge against the potential depreciation of the U.S. dollar, purchase the asset.

The CoinGlass data does not include inflows into American spot Bitcoin ETFs, which have taken in over $1.6 billion in inflows from investors so far this week, according to Farside Investors data.

Only 10 other days this year have eclipsed more than $75 billion in single-day spot Bitcoin volume this year. CoinGlass shows that the only days that Bitcoin futures volume has been higher so far this year was on April 7 and January 20, when volumes stood at $229.7 billion and $222.9 billion, respectively.

The crypto market has rebounded as Trump has ratcheted back his global trade war, and the most recent inflation readings have been favorable.

Bitcoin’s record-breaking surge also comes as demand for Bitcoin ETFs increases and as publicly traded firms, including Strategy and Metaplanet, have continued their recent Bitcoin buying sprees. Strategy, formerly MicroStrategy now holds about 576,000 Bitcoin in its treasury, worth more than $64.5 billion at the current price.

Major altcoins have also risen over the same period with Ethereum, the second-largest digital asset by market value, up 56% over the past 30 days. ETH was recently changing hands at over $2,600, a 5.6% gain over the past 24 hours.

Bitcoin has often traded with stocks in its brief history, and more recently in line with safe-haven asset gold as markets look to account for macroeconomic uncertainties.

Edited by James Rubin

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May 23, 2025 0 comments