An altcoin that has recently gained popularity in the cryptocurrency market broke its all-time high price record today. Hyperliquid’s native token, HYPE, has been boosted by strong institutional buying in recent weeks, and its price reached all-time highs today. Crypto analyst Shaunda Devens noted that Hyperliquid Strategies purchased 4.28 million HYPE in just three weeks, amounting to approximately $385 million. This figure represents about 1.4% of the circulating supply and is roughly 7.5 times the amount purchased by Assistance Fund during the same period.