Hyperliquid's $HYPE token surged 60% in two days to $34.9, triggering over $20 million in short liquidations. On-chain capital inflows, PURR treasury purchases, and ARK Invest's commentary boosted the price, but analysts say the rally may be hard to sustain, with unlocking and insufficient participation posing risks. #DeFi

HYPE-14,41%
PURR-21,61%
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