TechFlow News, May 27: According to Hyperinsight monitoring data, HYPE surpassed its previous all-time high (approximately $61) on May 21—reaching a new all-time high. Over the following days, although HYPE continued to set new record highs (approximately $64), net inflows across the cross-chain bridge sharply declined and shifted into net outflow territory. In the most recent UTC trading day, total outflows across the Hyperliquid cross-chain bridge surged to $149 million, with daily net outflows reaching $91 million.
Since HYPE first breached its new all-time high, cumulative net outflows have totaled $110 million. Prior data showed that on the day of the new high, USDC bridged via the Hyperliquid-Arbitrum bridge—which accounted for roughly 99.8% of total inflows—surged to $173 million, marking the highest level in nearly 10 months. As of press time, much of that inflow has been reversed, though $63.3 million remains on-chain.
