🌐Ethena Labs, the developers of the synthetic dollar protocol, have introduced a proposal for the Hyperliquid stablecoin. HYPE Price Tests Highs With Technicals Signalling More UpsideThe HYPEUSDT daily chart shows the full strength of the move. The Hyperliquid price opened at $53.35, ran to highs of $55.68, and is holding above $55. HYPE Price: On-Chain Action Confirms Fresh DemandOn-chain data backs the bullish story for Hyperliquid price. New interest from giants like Ethena, with BlackRock alongside it, in the USDH stablecoin ecosystem have energised the market.