HYPE price targets $50 as NFT Hypurr launches

Hyperliquid (HYPE) has recorded an impressive growth of over 6% in the past 24 hours, currently hovering around 45.5 USD. This bullish action coincides with the platform launching the NFT collection Hypurr on HyperEVM.

HYPE price chart | Source: CoinphotonThe launch of this NFT collection coincides with the vibrant activity of the NFT market, with total revenue in 24 hours reaching $16.3 million through 191,468 transactions.

HYPE price action targeting goal 50 USD

HYPE has increased by 6% in the past 24 hours, trading at around 46 USD and nearing the important resistance level of 50 USD. The growth of HYPE follows the official launch of the NFT collection Hypurr on the HyperEVM infrastructure of the platform.

Currently, the price of HYPE has decreased by 21% from its all-time high of 59.30 USD, indicating a potential recovery if the bullish momentum continues to hold. Previous resistance levels around 50 USD – 52 USD have capped bullish moves in recent trading sessions. In the past 24 hours, the price of HYPE has increased by 6%.

In addition, HYPE also attracted attention when it recently launched the stablecoin USDH.

The NFT collection Hypurr is launched with 4,600 tokens.

Hyper Foundation has officially launched the Hypurr NFT collection on HyperEVM, with a total of 4,600 different tokens distributed to early platform participants. Genesis event participants, who registered in November 2024, received commemorative NFTs after HyperEVM launched in February 2025.

Each NFT in this collection represents the diverse moods, interests, tastes, and personalities of the Hyperliquid community, as expressed through the character Hypurr.

Hyperliquid launches NFT Hypurr | Source: Hyper Foundation, XThe distribution process has allocated 4,313 NFTs to participants of the Genesis event, 144 to Hyper Foundation, and 143 to core contributors, including Hyperliquid Labs, NFT artists, and other platform developers.

The Foundation has conducted risk-based screening and cluster analysis to protect against fraudulent activities while limiting the total number of NFTs that each user can receive. No minting action is required as the collection has been distributed to eligible addresses.

Contract address: 0x9125E2d6827a00B0f8330D6ef7BEF07730Bac685 holds the collection deployed on HyperEVM.

The ownership and usage rights of these NFTs are governed by specific terms and licenses available through Hyper Foundation. The limited number of NFTs, only 4,600, creates rarity for the commemorative collection.

HyperEVM was launched in February 2025 as a common programming interface for the Hyperliquid Layer 1 blockchain. This architecture allows developers to reliably access liquidity on HyperCore through read precompiles and the CoreWriter contract.

Smart contracts can read L1 state and send actions on HyperCore, creating two-way communication secured by the HyperBFT consensus protocol.

The NFT market shows diverse activity across various blockchains

The global NFT markets recorded total sales revenue in the last 24 hours reaching 16,329,640 USD, a decrease of 16.12% compared to the previous period, according to data from CryptoSlam. The number of NFT buyers reached 27,567 (, a decrease of 7.88% ), while the number of sellers was 20,873 (, a decrease of 11.00% ), indicating reduced participation from both sides of the market.

The total number of transactions reached 191,468 across all monitored blockchains, an increase of 2.44% compared to the previous period.

Ethereum continues to maintain its dominant position with a revenue of 9,186,485 USD but has decreased by 22.53% in the past 24 hours. This occurs against the backdrop of increasing optimism about the recent NFT launch of Hyperliquid.

NFT performance by Blockchain | Source: CryptoSlamThis platform has processed transactions for many major collections such as Moonbirds (1,94 million USD), CryptoPunks (1,16 million USD) and Guild of Guardians Heroes (1,12 million USD). Wash trading on Ethereum reached 1,10 million USD, accounting for 10,7% of total volume.

Immutable recorded NFT revenue of 1,701,588 USD, down 2.50% with minimal wash trading activities.

BNB Chain shows growth with a revenue of 1,036,897 USD, up 14.14% as this blockchain attracts gaming and collectible projects. The Bitcoin network contributed 967,416 USD in Ordinals transactions despite a decrease of 18.21%.

Solana reported revenue of 741,556 USD from NFT, down 27.31% as the collections on this blockchain faced selling pressure. Mythos Chain generated revenue of 777,071 USD with a high wash trading rate of 44.56%.

Mr. Giáo