Hyperliquid HYPE Hits $75.40 All-Time High, Briefly Surpasses Solana SOL in Per-Token Price on June 2

According to Unchained Crypto, Hyperliquid's HYPE token hit an all-time high of $75.40 on June 2, 2026, briefly surpassing Solana's SOL in per-token price for the first time in market history. HYPE traded above SOL despite Solana's market capitalization remaining significantly larger at $42 billion versus Hyperliquid's $16 billion, a gap driven by SOL's 570 million circulating tokens versus HYPE's 250 million.

DefiLlama data shows Hyperliquid processed $212 billion in 30-day perpetual futures volume, nearly triple Solana's $74 billion. Arthur Hayes, who publicly bet $100,000 that HYPE would surpass SOL in market cap by year-end, reversed course on June 4, liquidating his entire position, citing geopolitical energy risks and pending AI IPOs.