Hyperliquid’s HYPE token has climbed to a new all-time high near $88.90, extending a rally that has lifted the asset by more than 50% over the past month and pushed its market capitalization toward $20 billion. HYPE traded as high as $88.88 across major venues on September 6 before pulling slightly below the record. The breakout puts the token back into price discovery after repeatedly challenging the mid-$80 range during the first week of September.