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

TWT’s Updated Tokenomics Framework and What It Means for DeFi Investors: An In-Depth Analysis of Incentive Structures and Sustainable Value Growth

- TWT's 2025 tokenomics model combines deflationary supply (post-2020 burn of 90% tokens) with utility-driven incentives like Trust Premium and FlexGas to align user behavior with long-term value. - Governance rights and RWA integrations (e.g., U.S. Treasury bonds via Ondo Finance) enhance TWT's utility, attracting institutional investors and bridging DeFi with traditional finance. - Binance co-founder CZ's endorsement and bullish price projections ($15 by 2030) highlight TWT's potential as a hybrid asset

Bitget-RWA2025/11/30 03:28
TWT’s Updated Tokenomics Framework and What It Means for DeFi Investors: An In-Depth Analysis of Incentive Structures and Sustainable Value Growth

Industrial Property Prospects in Webster, NY, Boosted by Targeted Infrastructure Funding

- Webster , NY, is transforming a 300-acre Xerox brownfield into a high-tech industrial hub via $9.8M FAST NY grants and public-private partnerships (PPPs). - Infrastructure upgrades, including road realignment and sewer expansion, enabled $650M private investments like the fairlife® dairy plant, creating 250 jobs by 2025. - Residential property values rose 10.1% annually, industrial vacancy rates dropped to 2%, and ESG-focused projects like wastewater upgrades boosted investor appeal. - The model highligh

Bitget-RWA2025/11/30 03:28
Industrial Property Prospects in Webster, NY, Boosted by Targeted Infrastructure Funding

Bitcoin Updates Today: MicroStrategy’s Bold Bitcoin Move: Challenging Doubters or Setting Off a Ticking Bomb?

- MicroStrategy reaffirms Bitcoin-centric strategy, holding 3% of BTC supply despite market skepticism and stock volatility. - $21B in equity/debt financing fueled Bitcoin accumulation, creating leverage-driven profits tied to price swings and dilutive capital raises. - Stock-NET asset value parity and $5.38B institutional outflows highlight risks from Bitcoin volatility and financing model criticism. - Custody shift to Fidelity reduced on-chain transparency while index exclusion limits passive demand amid

Bitget-RWA2025/11/30 03:12
Bitcoin Updates Today: MicroStrategy’s Bold Bitcoin Move: Challenging Doubters or Setting Off a Ticking Bomb?

WFE Cautions That Tokenized Stocks May Threaten Market Integrity and Lead to Regulatory Disparities

- Nasdaq pushes SEC to approve tokenized stocks, facing WFE warnings about eroded market integrity and investor protections. - WFE argues blockchain adoption costs outweigh benefits in already efficient equity markets, urging adherence to established frameworks. - SEC's crypto-friendly shift under Trump creates tension between innovation and regulatory safeguards, with global standards remaining fragmented. - Tokenized assets could enable 24/7 trading but risk regulatory fragmentation and systemic risks hi

Bitget-RWA2025/11/30 03:12
WFE Cautions That Tokenized Stocks May Threaten Market Integrity and Lead to Regulatory Disparities