Bitget App
Trade smarter
MarketsTradeFuturesEarnSquareMore
HYPE price rises as Paxos taps Hyperliquid, Plume, and Aptos for the USDGO stablecoin

HYPE price rises as Paxos taps Hyperliquid, Plume, and Aptos for the USDGO stablecoin

CoinjournalCoinjournal2025/11/26 00:27
By:Coinjournal
HYPE price rises as Paxos taps Hyperliquid, Plume, and Aptos for the USDGO stablecoin image 0
  • HYPE rises as USDGO launches on Hyperliquid, Plume, and Aptos.
  • Whale activity and token unlock drive short-term market momentum.
  • HYPE’s key support level lies at $28.98, while immediate resistance levels lie at $35.03 and $39.87.

Hyperliquid (HYPE) has seen a notable uptick in its trading performance, driven in part by the announcement that Paxos has selected the platform, alongside Plume and Aptos, as primary launch networks for its USDGO stablecoin.

At press time, the HYPE token was up 3.3% over the past 24 hours, outperforming the overall crypto market’s modest increase of 0.49%.

Paxos rolls out USDGO across key networks

According to a recent press release , Plume, Hyperliquid, and Aptos have been selected as the initial deployment networks for USDGO, reflecting their rapid growth and strategic relevance.

Plume, with over 280,000 active real-world asset holders and $645 million in RWA TVL, serves as a distribution hub for compliant liquidity.

Hyperliquid, on the other hand, will integrate USDGO into its perpetual trading and lending markets, enhancing collateral rails and yield-aligned trading opportunities.

Furthermore, Aptos will become the first network to deploy a Move-native OFT stablecoin, positioning enterprise-focused applications to leverage regulated, high-throughput liquidity.

Paxos’ USDGO stablecoin, an omnichain extension of its regulated USDG, is designed to provide fully backed, compliant liquidity across multiple blockchain networks.

Leveraging LayerZero’s omnichain-fungible token (OFT) standard, USDGO allows seamless cross-chain transfers while maintaining a 1:1 backing with cash, short-term US Treasuries, and cash equivalents.

Notably, the integration of USDGO across these networks is supported by the USDGO Portal, cross-chain APIs, and unified supply mechanics, enabling smooth swaps and reducing the risks associated with fragmented bridge mechanisms.

Early adoption within these specialised domains is expected to set the stage for broader multi-chain growth.

Whale activity and token unlock stir market dynamics

Hyperliquid has also been in the spotlight ahead of a significant HYPE token unlock valued at approximately $314–$316 million, representing about 2.66–3.6% of the total supply.

Scheduled for November 29, the cliff unlock is drawing attention across crypto communities, prompting discussion over potential sell pressure and market impact.

LATEST: ⚡ Hyperliquid will release $314 million worth of HYPE tokens on Saturday in a cliff unlock, with BitMEX co-founder Arthur Hayes cautioning that the event could introduce unavoidable selling pressure. pic.twitter.com/iVH28nb2oZ

— CoinMarketCap (@CoinMarketCap) November 24, 2025

Despite this, whales are accumulating HYPE, which has bolstered investor confidence.

A prominent whale increased a $44.5 million ETH long, reflecting confidence in broader market conditions and the potential for leveraged gains to spill over into HYPE trading volumes.

HYPE price targets and outlook

Technical analysis highlights critical levels that HYPE traders should watch in the coming days.

For HYPE to maintain upward momentum, it must stay above $28.98, with the first major resistance at $35.03.

If HYPE breaks past $35.03, analysts note that it could rise toward $39.87, with a third resistance at $43.82.

Notably, options data suggest limited downside near $28, providing a degree of confidence ahead of the token unlock.

However, a failure to hold the $28.98 support, especially following the upcoming token unlock, may see prices dip to the next key support around $25.85.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

XRP News Today: XRP's Upward Surge Continues Despite Challenges as ETFs and Derivatives Indicate Robust Growth

- XRP's price rebound above $2.20 and ETF listings (XRPZ, GXRP) signal strong institutional adoption and bullish momentum. - Technical analysis highlights descending triangle patterns and Fibonacci targets ($2.26-$3.23) as key resistance levels for potential breakouts. - Derivatives data shows aggressive long positioning (Binance ratio 2.6) and 57% options open interest growth, indicating sustained market optimism. - Regulatory risks and altcoin volatility persist, but ETF-driven liquidity and institutiona

Bitget-RWA2025/11/30 08:20
XRP News Today: XRP's Upward Surge Continues Despite Challenges as ETFs and Derivatives Indicate Robust Growth

Bitcoin’s Abrupt Price Swings in Late 2025: Major Economic Drivers and the Strength of Institutional Players

- Bitcoin's late 2025 volatility stemmed from Fed rate-cut expectations and Trump-era tariff uncertainty, triggering a $16B liquidation event. - Institutional investors maintained BTC holdings, leveraging ETFs and regulatory clarity to navigate market turbulence. - Regulatory tailwinds, including ETF approvals and tokenized structures, bolstered strategic positioning in crypto-related equities and hedging tools. - Corporate entities increased BTC allocations by 8.4% amid reaccumulation phases, contrasting

Bitget-RWA2025/11/30 08:20
Bitcoin’s Abrupt Price Swings in Late 2025: Major Economic Drivers and the Strength of Institutional Players

Navigating the Unpredictable World of Bitcoin Leverage: A Cramer-Inspired Handbook for Managing Risk in 2025

- 2025's October crypto liquidation cascade wiped $19B in 24 hours, exposing systemic fragility in leveraged markets. - DeFi ($41B) and centralized ($24.4B) lending surged, with 66.9% onchain exposure collapsing when U.S.-China tariffs triggered panic. - Risk management strategies include DCA diversification, 15-25% stop-loss orders, and avoiding overleveraging to mitigate algorithmic trading risks. - Institutional hedging via put options and ETFs carries counterproductive risks, while emotional discipline

Bitget-RWA2025/11/30 08:20
Navigating the Unpredictable World of Bitcoin Leverage: A Cramer-Inspired Handbook for Managing Risk in 2025

Bitcoin News Today: Bitcoin's Major Holders Selling Challenges ETF Support at $90k

- Bitcoin whale inflows hit 9,000 BTC on Nov 21, 2025, with 45% of deposits from large holders, signaling intensified selling pressure amid a seven-month price drop to $80,600. - Exchange inflows surged to $40B weekly, with Binance’s stablecoin reserves reaching $51B, reflecting capital shifts toward dollar-pegged assets amid market uncertainty. - ETF inflows (e.g., BlackRock’s IBIT) provided limited counterbalance, totaling $21M on Nov 27, contrasting with earlier $903M outflows and whale-driven altcoin d

Bitget-RWA2025/11/30 07:58
Bitcoin News Today: Bitcoin's Major Holders Selling Challenges ETF Support at $90k