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Hyperliquid all-time high and real returns HYPE
The largest on-chain perpetuals exchange, with fully on-chain order books on its own Layer 1 and HyperEVM for programmability.
Hyperliquid all-time highs and real returns
In dollars and pounds, before and after inflation, since Jan 2026.
+142%Hyperliquid after US inflation since Jan 2026
Up 150% in dollars since Jan 2026. After US inflation, up 142%. Against money printing, up 140%.
In pounds, up 159%, or up 152% after UK inflation.
- $ nominal
- +150%under a year
- £ nominal
- +159%under a year
- Real $ (US CPI)
- +142%under a year
- Real £ (UK CPI)
- +152%under a year
- vs US M2
- +140%under a year
- Measured from
- Jan 2026to Oct 2026, 9 months
- Hyperliquid, Real $ (US CPI)$85.69
- $ nominal$85.69
- Oct 2026, latest
Loading the chart. Every figure is also in the table below.
| Period | $ nominal | £ nominal | Real $ (US CPI) | Real £ (UK CPI) | vs US M2 |
|---|---|---|---|---|---|
| Since Jan 2026 first month in our data | +150% | +159% | +142% | +152% | +140% |
On month-end closes, Hyperliquid's highest price was $90.91 in Sep 2026, which is $90.91 in Oct 2026 dollars after US inflation. The latest close of $85.69 is 5.7% below the real high. The intraday record, $97.96 on 23 September 2026, is higher than any month-end close.
Cycle peaks, falls and recoveries
Month-end highs followed by a fall of 50% or more, and the high that stands today, in Oct 2026 money.
| Peak | $ then | Today's $ (US CPI) | £ then | Today's £ (UK CPI) | vs M2 today | Fall after | Back above, $ | Back above, real $ |
|---|---|---|---|---|---|---|---|---|
| Sep 2026 All-time high | $90.91 | $90.91 | £68.52 | £68.52 | $90.91 | −5.7% low Oct 2026 | Not yet | Not yet |
Return since our first month and since each cycle low
From the month-end close in the first column to Oct 2026.
| From | $ then | $ nominal | Real $ (US CPI) | Real £ (UK CPI) | vs US M2 |
|---|---|---|---|---|---|
| Jan 2026 First month in our data | $34.33 | +150% | +142% | +152% | +140% |
Every month HYPE closed at a new high
6 month-end closes above every earlier one
| Month | Close, $ | Today's $ (US CPI) |
|---|---|---|
| Sep 2026 | $90.91 | $90.91 |
| Aug 2026 | $82.28 | $82.28 |
| Jun 2026 | $63.86 | $64.06 |
| May 2026 | $57.68 | $57.66 |
| Mar 2026 | $40.31 | $40.89 |
| Jan 2026 | $34.33 | $35.36 |
How these figures are worked out
Sources, inflation measures and what is left out
- Month-end closes from Kraken, Jan 2026 to Oct 2026. Oct 2026 is still in progress, so its figure is the latest close rather than a month-end. Our history for Hyperliquid starts in Jan 2026, so longer windows are left out.
- Real figures divide by US CPI (BLS, via FRED) or UK CPI (ONS, joined to the ONS long-run RPI before Jan 1988) and are stated in Oct 2026 money. The M2 lens divides by the US M2 money supply (Federal Reserve, via FRED). Pounds convert at each month's GBP/USD rate.
- US CPI is published with a lag: Oct 2026 uses the Aug 2026 figure.
- UK CPI is published with a lag: Oct 2026 uses the Aug 2026 figure.
- US M2 is published with a lag: Oct 2026 uses the Aug 2026 figure.
- A return of 12 months or more also shows its yearly rate. Gaps in a source are left as gaps and never filled in.
Hyperliquid at a glance
Key numbers
- Market cap $18.2bn Rank 11
- 24-hour volume $802.0m
- 7 days -11.2%
- 30 days +5.4%
- Circulating supply 222.4m Of a maximum 1.0bn
- Risk level Medium
- Listed on 1 of 5 Coinbase
Why it sits in this zone
The model has placed Hyperliquid at the lower end of Fair value, where the first sell-side conditions show up, on a Bargain Score of 26, with Price 17% below ATH, greed high and longs crowded among the conditions behind it. At $81.79 it is only 16.5% below its all-time high of $97.96, set in September 2026, so most of the distress measures in the score are low.
What drives the score
Once the weights are applied, project resilience (0.56 out of 1) adds the most to its score and token supply (0.22) the least. Only 22% of its supply is circulating, so future releases weigh on the token supply score. It has come through one full market cycle by the model's definition, and its chance of a new all-time high is rated Medium. As a trading infrastructure token, its fortunes have been tied closely to on-chain trading volume, which rises and falls with volatility.
Where the cycle targets come from
A smaller repeat of Hyperliquid's past range would not get it back to its old high, so the model anchors the cycle targets to that high instead, at $102.86, $112.65 and $127.35, and even the low scenario would need a 26% move from today's price.
Hyperliquid: questions people ask
What was Hyperliquid's all-time high in today's money?
Hyperliquid's highest recorded price was $97.96 on 23 September 2026, from CoinGecko's record of intraday trades. Restated with US CPI to Oct 2026, that is $97.96 in today's dollars. In pounds it was £73.84 at the time, or £73.84 after UK inflation.
On month-end closes, which is what our tables use, the peak was $90.91 in Sep 2026, worth $90.91 today. The latest price is 5.7% below the real high.
Has Hyperliquid beaten inflation since Jan 2026?
Our monthly history for Hyperliquid starts in January 2026. Since then it is up 150% in dollars and up 142% after US inflation, so it has beaten inflation over that stretch. Measured in pounds after UK CPI the figure is up 152%. Against the US M2 money supply it is up 140%.
How far is Hyperliquid below its all-time high?
Hyperliquid is 16.5% below its all-time high of $97.96, which it set on 23 September 2026, and its all-time low is $3.81, from November 2024. At $81.79 it is much closer to its high than most of the coins we track. These figures come from CoinGecko and refresh every five minutes.
What is Hyperliquid's Bargain Score?
The Bargain Score is 25.6 out of 100 (No value signal). It combines the discount from the previous high, market sentiment, momentum and the coin's track record across past cycles. On our zone scale that places Hyperliquid in the Fair value zone: Price 17% below ATH · greed high · longs crowded. This describes current conditions; it is not a recommendation.
What do the Hyperliquid cycle scenarios assume?
Low cycle target $102.86 (Previous ATH + 5% (the model’s cycle multiple lands below the previous high).). Base cycle target $112.65 (Previous ATH + 15%: a return to the previous high (the model’s cycle multiple lands below it).). High cycle target $127.35 (Previous ATH + 30% (the model’s cycle multiple lands below the previous high).). Each is the price the coin would reach if a smaller version of its past cycle repeated, not a loss case. They come from a model of past cycles and can be badly wrong.
How fearful is the crypto market right now?
The Crypto Fear & Greed Index reads 62 (Greed). Low readings mean fear, high readings mean greed. The Bargain Score uses it as one input, because past cycle lows tended to arrive during extreme fear.
What zone is Hyperliquid in today?
Hyperliquid is at the lower end of Fair value: at least two of the sell-side conditions are met (Price 17% below ATH, greed high and longs crowded), though not enough for the Expensive zone. Its Bargain Score is 26. Rather than a recommendation, the label is a reading of where Hyperliquid's price and the wider market sit against the model's rules at this moment, and because the Fear & Greed value and the daily RSI both update at midnight UTC, just after midnight is when it is most likely to change. The 2-dot meter beside it shows where that zone sits on the five-step scale, from one dot for Expensive to five for Deep discount.
How long have Hyperliquid's past recoveries taken?
In the price history we hold for Hyperliquid, there is no earlier peak followed by a fall of 50% or more and then a full recovery, so it has no past recovery of its own to point to. Its current high dates from September 2026. The nearest thing to a guide is Bitcoin, and even its recoveries have taken years rather than months: about three years to set a new high after its December 2017 peak, and two years and four months after its November 2021 peak. Many smaller coins have not regained their 2021 highs at all, so past recoveries say nothing about whether or when this one will.
What are the cycle targets for Hyperliquid?
The model starts from Hyperliquid's full range, its all-time high of $97.96 divided by its all-time low of $3.81, which is roughly 25.7-fold. It shrinks that multiple with a decay factor, on the assumption that each cycle is smaller than the last, and applies it from the low. For Hyperliquid that reduced repeat would not reach the old high, so the targets are anchored just above it instead, at $102.86, $112.65 and $127.35, which puts the low scenario 26% above today's price. They describe what a reduced repeat of the past would look like and say nothing about whether that will happen. Cryptoassets are high risk, and you should be prepared to lose all the money you put into them.
Why does Hyperliquid have a Bargain Score of 26 but sit at the lower end of Fair value?
Because the score and the zone measure different things. The score blends price distress, sentiment, positioning, resilience and supply into one number, while the zone checks whether specific conditions line up, such as Fear & Greed crossing a threshold or the RSI reaching oversold or overbought levels. The sell-side rules are checked before the buy-side ones, and with Fear & Greed at 62 (Greed) and Hyperliquid's RSI at 34, at least two of the conditions for the lower end of Fair value are met, which places Hyperliquid there whatever its score.
Important information
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Cryptoassets are largely unregulated in the UK, so you are unlikely to have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if something goes wrong. Educational information only, not financial advice. Read our disclaimer.
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