Institutions, specifically DATs, have acquired about 6% of the total circulating supply of HYPE. The current bullish price action could be attributed to institutional inflow, DEX trading volume, and TVL. Hyperliquid [HYPE] made yet another peak at $59.38, becoming one of the highest gainers in crypto. However, the altcoin was trading at $56, dipping 4.31%, at press time.