Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Solana ETFs Deliver a Perfect Inflow Streak

Quick Take Summary is AI generated, newsroom reviewed. Solana ETF inflows hit $531 million in the first week with zero outflows. Strong Solana staking yields near 7 percent attract long-term investors. Lower ETF fees boost fresh allocations and improve cost efficiency. Rising Solana institutional demand strengthens long-term market confidence.References ⚡️SOLID SOLANA ETF STREAK! $SOL ETFs have recorded ZERO outflows since launch. They pulled in $531 MILLION during the first week, boosted by 7% staking yie

coinfomania2025/11/26 09:54

Zcash News Update: The Privacy Dilemma of Zcash: Shielded Holdings and Major Investor's Short Position Hint at Potential Downturn

- Zcash (ZEC) faces downside risks after a short-lived rally to $601 following OKX's relisting, now retreating to $564 amid weak adoption metrics. - A major "Cool-headed Whale" reduced 2.6M ZEC short positions but retains $4.05M in unrealized losses, with liquidation risks above $684.55. - Privacy features obscure ZEC's real-world demand, as shielded pools hold 4M tokens while transparent transactions lag behind price gains. - Technical indicators show bearish divergence (RSI vs. MACD) and a potential doub

Bitget-RWA2025/11/26 09:52
Zcash News Update: The Privacy Dilemma of Zcash: Shielded Holdings and Major Investor's Short Position Hint at Potential Downturn

Spain Changes Classification of Crypto Profits to Address Tax Shortfalls as International Authorities Strengthen Regulations

- Spain plans to tax crypto earnings as regular income, aiming to close tax loopholes and enhance fiscal accountability. - The move mirrors Japan's 2026 crypto reserve rules, reflecting global efforts to regulate volatile digital assets amid rising market activity. - Stricter controls risk stifling innovation or driving crypto businesses to less regulated markets, challenging policymakers to balance oversight and growth. - Spain's approach could influence European crypto regulation, as fragmented framework

Bitget-RWA2025/11/26 09:52
Spain Changes Classification of Crypto Profits to Address Tax Shortfalls as International Authorities Strengthen Regulations

Southeast Asia's Gaming and Blockchain Surge Fueled by Foreign Investment and Focus on Sustainability

- The YGG Play Summit highlighted Southeast Asia's rise as a gaming-blockchain hub, driven by economic integration, Web3 adoption, and $223B FDI inflows in 2022. - Partnerships like TokaCity-SACHI's blockchain-powered casino ecosystem and NEXPACE's $50M fund showcase sector innovation in AI, RWAs, and sustainable models. - Singapore's adoption of Alibaba's Qwen AI model for regional languages signals growing Chinese tech influence in gaming and AI development. - Phygital gaming initiatives and OECD warning

Bitget-RWA2025/11/26 09:52
Southeast Asia's Gaming and Blockchain Surge Fueled by Foreign Investment and Focus on Sustainability