Hyperliquid Hits Record High Above $74, Solana On-Chain Data Defies Price Slump, ZKP Backed by Kevin O'Leary

Hyperliquid Hits Record High Above $74, Solana On-Chain Data Defies Price Slump, ZKP Backed by Kevin O'Leary

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News Editor 01
2026-07-24 01:45:16
June 2026 market snapshot: Hyperliquid reaches $13B market cap, Solana retains 31% DEX share despite price drop, ZKP presale draws attention with $100M team capital and O'Leary endorsement.
HyperliquidSolanaZKPKevin O'Learyon-chain data

June 2026 is shaping up as one of the most divergent months in crypto. Hyperliquid (HYPE) surged past $74 to a new all-time high, logging a 17% weekly gain. Its circulating market cap now stands near $13 billion, making it the eighth largest crypto asset excluding stablecoins. The breakout is underpinned by real fundamentals: Hyperliquid has become the second largest blockchain by 30-day app revenue. Grayscale Investments submitted its sixth amended SEC filing for a Hyperliquid Staking ETF, charging a 0.29% fee — a clear signal of institutional intent. A $100 million leveraged long position on HYPE recently turned profitable, underscoring conviction among high-net-worth participants.

Technical analysts set a measured upside target of $105.30 by June or July. But the RSI hit 77, firmly in overbought territory. A retest of the 20-day moving average near $58.32 remains possible if profit-taking accelerates. Entry timing requires discipline.

Solana: Infrastructure Strength Versus Price Weakness

SOL trades around $80–$81, down nearly 40% year-to-date, trapped in a $77–$95 range. Yet on-chain metrics tell a different story. Galaxy Research reports that Solana captured 31% of all DEX activity despite a 31% quarter-over-quarter decline in total DEX volumes. Real-world asset value on Solana surged 58% to over $2.5 billion, now accounting for 17% of total value locked. Stablecoin supply expanded to $15.45 billion. The Agave 3.1 upgrade kept median slot durations at 400 milliseconds. The upcoming Alpenglow upgrade is seen as a potential Q3 catalyst.

Solana is growing institutional utility while its token consolidates. Historically, such compression precedes a significant directional move.

ZKP: An Early Opportunity With a Star Endorsement

Kevin O'Leary delivered a full keynote for Zero Knowledge Proof. His argument: AI outputs are unverifiable — lawyers file briefs citing fake cases, medical systems diagnose based on fabricated research. O'Leary called the coming era the Age of Proof, with ZKP as its foundational layer.

The team deployed $100 million of their own capital before the presale. Twenty million went into core blockchain infrastructure (four-layer architecture, live testnet, integrated zero-knowledge proof systems). Seventeen million funded Proof Pods — physical validator hardware shipping globally within five days. Five million secured the domain. The presale runs 25 deterministic stages; Stage 1 price is $0.0004, confirmed launch price $0.04. With capital already deployed and a mainstream endorsement in hand, ZKP offers what neither Hyperliquid nor Solana can: an early-stage entry before the crowd arrives.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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