PURR is trading 13.5% up at $9.69 as traders react to growing excitement around the Hyperliquid ecosystem and its HYPE token.

  • The rally follows fresh commentary comparing the Hyperliquid DEX’s potential to large traditional exchanges.
  • The move suggests strong asset-specific sentiment, as the token is significantly outperforming a flat-to-slightly negative broader crypto market.
  • Today's jump extends a period of strong gains recorded for the token earlier this week.