Since HYPE hit a new all-time high, capital has flowed in the opposite direction; Hyperliquid’s cross-chain bridge recorded a net outflow of $110 million.

According to Hyperinsight monitoring, HYPE surpassed its peak from last year on May 21, reaching an all-time high (approximately $61). In the following days, although HYPE continued to set new all-time highs (approximately $64), net inflows across the cross-chain bridge dropped sharply and turned into net outflows. In the most recent UTC trading day, total outflows across the Hyperliquid cross-chain bridge surged to $149 million, with a single-day net outflow of $91 million.