Hyperliquid Surges Into Crypto’s Top 11, Outpaces SUI and Attracts Whale Attention

• Hyperliquid’s market cap has jumped to $11.63B, overtaking Sui.
• While major tokens like Bitcoin and Ethereum dipped, HYPE gained 4.1% in a red week.
• Over $37 million in whale investments have poured into HYPE in the past few days.

Hyperliquid (HYPE) is quickly climbing ranks in the crypto world. Once a little-known project sitting outside the top 50, it has skyrocketed into the top 11 cryptocurrencies by market cap, overtaking major players like Chainlink, Avalanche, Toncoin, and most recently, Sui. 

In a market that’s been mostly in the red, Hyperliquid is standing out and while Bitcoin, Ethereum, and Solana saw losses last week, HYPE climbed 4.1%.  Meanwhile, SUI took a sharp hit, falling nearly 12% this week and now down 23% for the year. 

Top Profitability and Soaring Volume Signal Network Strength

The numbers behind Hyperliquid’s growth are impressive. Hyperliquid’s market cap now sits at $11.63 billion, pushing past Sui’s $10.26 billion.

Earlier in May 2025, Hyperliquid recorded a staggering $244 billion in trading volume. It also generated $64 million in revenue, the highest among all blockchain platforms for the th…

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