Hyperliquid (HYPE) Daily Market Analysis 03 March 2026

Hyperliquid's HYPE token surges as a volatility hedge – here's the latest: • HYPE gained ~5-8% over 1-2 March, trading near $33 amid geopolitical tensions driving derivatives volume • Protocol burned $9.22M in tokens last week, offsetting concerns over a $316M token unlock on 6 March • Platform generated $13M in weekly fees with TVL exceeding $6.2B, signaling strong institutional demand • Technical analysis shows key support at $30, with BitMEX co-founder projecting a potential rise to $150 • The token is up 662% since its November 2024 launch, currently trading 44% below its all-time high