TL;DR
- The whales have decided to splurge, accumulating $24 million worth of HYPE in mere hours, sending the price soaring towards its all-time high.
- The charts are looking bullish, with a strong support line in place. The $52 resistance is the next hurdle for HYPE’s price to smash through.
- The Hyperliquid community is about to vote on a USDH ticker proposal, which could reroute $5.5 billion and generate a sweet $220 million annually. No pressure, right?
Whales Accumulate Millions in HYPE
Ah, it seems the whales have woken up and are buying up HYPE like it’s the latest fashion craze. In the past 16 hours alone, wallets associated with major buyers have scooped up more than $24 million worth of this token.
According to Lookonchain, one whale, known as qianbaidu.eth, dropped a cool $13 million on 260,900 HYPE tokens across two wallets. Meanwhile, wallet 0xe0f0 decided to go big, opening a long position of 136,906 HYPE ($6.9M) in just 6 hours. Not to be outdone, wallets 0x328B and 0x23fA added $2.13M and $2M worth, with the latter staking their purchase right away. Nice touch!
Whales are clearly all-in on $HYPE.
qianbaidu.eth bought 260,900 $HYPE($13M) in the past 16 hours via 2 wallets.
0xe0f0 opened a long position of 136,906 $HYPE($6.9M) in just 6 hours.
0x328B bought 43,415 $HYPE($2.13M) in the past 12 hours.
0x23fA bought and staked 42,161…
– Lookonchain (@lookonchain) September 8, 2025
According to CoinGecko, HYPE has shot to a new all-time high, reaching over $51. It’s up 7% in just the last 24 hours and 13% over the past week, with a whopping $360 million in daily trading volume. Talk about a rollercoaster!
Market analyst Nanji summed up the situation with a little sarcasm:
“Whales just casually dumped $24M into $HYPE in the last 16 hours… we might be looking at $65 HYPE sooner than you think.”
Technical Chart Shows Bullish Setup
If you like charts (and who doesn’t?), you’ll be pleased to know that Kamran Asghar has pointed out a supportive trend line that’s been lifting HYPE since early August. Every time it retests this line, the token bounces back even stronger-like a basketball player making a slam dunk. Smooth!
Now, HYPE is testing resistance at $52, a level it’s struggled to break through in the past month. Asghar stated,
“$52.00 is the resistance after which we’ll likely see a nice bullish push.”
If it breaks through, we could be looking at $54-$56, with the supportive trend line keeping things on track.
Governance Vote on Stablecoin Ticker
Oh, and don’t forget, the Hyperliquid community is getting ready to vote on September 14 to determine the future of the USDH ticker. According to CryptoPotato, this vote will be crucial in strengthening the platform’s stablecoin strategy and reducing reliance on USDC.
If the vote passes, up to $5.5 billion could be redirected from USDC, potentially generating an annual yield of $220 million for HYPE holders. It’s a big deal-let’s just hope the community doesn’t decide to flip a coin for it.
Read More
- EUR THB PREDICTION
- 10 Best Vampire TV Shows of All-Time
- Batman is Back in His Superhero Bag and It’s About Time (Review)
- Brookside revival confirms return of British comedy icon for much-anticipated reunion
- Selena Gomez’s Mom Mandy Teefey Denies Snorting Drugs at Work
- Binance Boss Hails Trump’s Crypto Moves – Is This the Start of a Digital Gold Rush? 💰🚀
- Joaquin Phoenix and Rooney Mara Have Rare Red Carpet Date Night
- Ethereum’s $4,500 Gamble: Will Bulls Moon or Bears Doom? 🚀💸
- One:12 Collective The Dark Knight Batman Figure Has Some Great Head Sculpts
- Cardano’s Dilemma: A Tale of Bulls and Bears 🐂🐻
2025-09-08 16:10