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On March 12, the Hyperliquid network recorded a new ATH in usage with 11.1 billion weekly transactions, breaking above the key resistance level of $35. Price predictions target a move to $50 following this breakout. On March 19, the crypto market saw $458 million in liquidations within 24 hours, wiping out a Hyperliquid whale. By March 20, HYPE flipped Cardano (ADA) in market cap and gained around 21% this week, trading near the $40–$43 range.