Hyperliquid (HYPE) Is Showing Strength At A Time When Bitcoin And Stocks Are In The Gutter

Crypto is struggling to keep its head above water with President Trump's 104% tariffs on Chinese goods as Hyperliquid (HYPE) stands green

President Trump’s 104% tariffs on Chinese goods have taken their toll on crypto, which is struggling to keep its head above water. However, Hyperliquid (HYPE) is surprisingly standing green.

After VP JD Vance called Chinese workers ‘peasants’ and Trump’s heightened tariffs for its far-east nemesis, HYPE is the only crypto in the top 30 to be in the green.

Among all L1s, the strongest token is $HYPE which has risen by 17% over the past 3 days

HYPE is showing strength at a time when Bitcoin and stocks are in the gutter.

own the backbone of the defi ecosystem.

Still no sign of recovery for the stock markets as Asian markets open lower once again today.

Crypto followed suit with Bitcoin down another 2.5% on the day to $77,200, and Ethereum down 5.7% to $1477 in the past 24 hours also.

But any crypto chart you open today is bathed in red, except for one.

Hyperliquid (HYPE) is currently trading at around $12.5 and is up over 5% in the past 24 hours.

HYPE is a decentralized exchange (DEX), uniquely built on its own Layer-1 blockchain. It has surged in popularity among traders due to low fees, fast transactions, and its speedy addition of tokens available to trade on perpetual derivatives.

One of the key aspects to the success of HYPE since its launch in November 2024 is the team’s strong desire to keep its token out of the clutches of Binance.

The world’s largest centralized exchange has become synonymous with being the place where new, hyped tokens go to die.

A list of 27 tokens listed by Binance in 2025 shows that only three are currently in the green from the day they were listed on the exchange. The remaining 24 are all down, ranging from -16.73% for Berachain (BERA) to -90.95% for Bio Protocol (BIO).

As of right now, the largest CEX that has HYPE listed is KuCoin, which has processed a $27 m trading volume for HYPE in the past 24 hours.

In comparison, of the $197 million combined trading volume for HYPE over the past 24 hours, $125 million of it is from its own Hyperliquid platform.

Impressively, the HYPE/USD perpetual futures pair on Hyperliquid has processed over $180 million in volume, highlighting an increased appetite for the token when volume across other major caps is drying up.

Binance Pump&Dump it's own listings

3/27 listings had a positive return, other rugged

If you put $100 on each token, you'd have ~$1,500

Here's how Binance scams you and what can you do👇🧵

Could HYPE Continue To Outperform The Market: $20 Next?

With the strength shown by HYPE in these trying times, many are calling for $20 as soon as volume begins to flow heavily into the native token of the Hyperliquid platform.

It has bounced perfectly from the purple support box pictured below, and after hitting $12.53, the next step is to take out its March high of $17.23.

If the stock markets and the wider crypto space can stay relatively stable from here, following President Trump’s ongoing tariff wars with China, HYPE could make a run for $20.

HYPE has been in a downward trend since March 3, when it began its descent from $20.3 and briefly went below $10 on April 7. That date will probably forever be known as the modern-day Bloody Monday after $200 trillion was wiped out of the stock markets due to the fallout of Trump’s tariff announcement.

However, one only has to look at the strength of BNB during the 2019 bear market to find hope that HYPE could potentially stay green if the rest of the market remains red for a prolonged period of time.

While Bitcoin dropped from $11,000 to $3200 during the first half of 2019, BNB impressively increased from $8 to over $30 by June of the same year.

With Hyperliquid acting as an insulated product where the HYPE token isn’t at the mercy of the major exchanges, there is no reason why it could not outperform the market as the backbone of the Hyperliquid ecosystem.