- HYPE surged to a new ATH of $43.9 in the last three days – because who needs a social life when you can HODL? 🤷♀️
- A Hyperliquid whale just scooped 715,917 tokens worth $29.47 million – casual Tuesday afternoon shopping, am I right? 🛍️
It’s been a wild ride for Hyperliquid [HYPE] over the past week, with the altcoin recording some serious gains on its price charts. After a brief flirtation with the $33 support level, HYPE surged to a new all-time high of $43.9 three days ago. I mean, who needs a stable relationship when you can have a volatile cryptocurrency? 😂
As HYPE continues to moon, it’s becoming the belle of the ball among whales, institutions, and retailers. Large entities are now viewing HYPE as the next big thing among altcoins – because who doesn’t love a good hype train? 🚂
Large Entities Are Buying Hyperliquid Like It’s Going Out of Style
Amid growing demand, large entities are aggressively accumulating HYPE like it’s the latest designer handbag. Over the past day, two major purchases have been reported – because who needs a 401k when you can invest in crypto? 🤪
First, according to Newsfile, Tony G Co-Investment Holdings Ltd, a Canadian company, has completed a significant purchase of Hyperliquid. The company reportedly purchased 10,387.685 HYPE tokens worth $438,828.46 at an average price of $42.24 – a small price to pay for a potential moonshot? 🚀
This purchase is part of the company’s long-term digital asset strategy, marking a significant step in its move toward decentralized finance – because who needs traditional finance when you can have DeFi? 🤷♂️
Not just Tony G, another large entity has also turned to a significant acquisition of the altcoin. According to Onchain Lens, a whale purchased 715,917 tokens worth $29.47 million at an average price of $41.16 – just your average Tuesday afternoon shopping spree? 🛍️
When institutions and whales turn to accumulation, it signals confidence in the asset – or a desperate attempt to make a quick buck? 🤑 Either way, many other players, especially retailers, could be incentivized by such moves to open positions, thus creating strong demand.
However, although whales and institutions are aggressively buying, retailers are not doing as much – because who needs to take risks when you can just HODL? 😂 Notably, Hyperliquid’s Spot Retail Activity Through Trading Frequency Surge declined over the last four days.
While Spot Trading Activity has been declining, the market has been recording neutral numbers of retailers – because who needs to take a stance when you can just sit on the fence? 🤷♀️ This implies that retailers are neutrally involved in the spot market.
While retailers are not aggressive in the spot market, they are extremely active in the Futures market, per Hyperliquid’s Futures Retail Activity – because who doesn’t love a good gamble? 🎲
This implies that retailers are actively betting on HYPE, anticipating the altcoin’s next move – because who needs a crystal ball when you can just use technical analysis? 🔮 Retailers are bullish and are buying the altcoin to take long positions, as they expect prices to rally.
What’s Next for HYPE? 🤔
This buying spree from large entities has had a positive impact on Hyperliquid’s price movement – because who doesn’t love a good pump? 💸 As of this writing, HYPE was trading at $42.32, marking a 6.01% increase over the past 24 hours.
These gains on daily charts extended a month-long uptrend, where HYPE surged by 70% in 30 days and 25% in seven days – because who needs a stable relationship when you can have a volatile cryptocurrency? 😂 Such significant gains across the charts indicate a strong upward momentum.
However, HYPE’s upward momentum was slowly weakening – because who doesn’t love a good correction? 📉 The Stoch RSI made a bearish crossover over the past day, as the token entered the overbought zone.
A bearish crossover amid overbought conditions signals looming volatility that could see HYPE pull back – because who doesn’t love a good rollercoaster ride? 🎠 The Directional Movement Index [DMI] further validated this weakening momentum.
At press time, the +DI was 27 below -DI, which held around 40, suggesting that downward momentum built while upward momentum weakened – because who doesn’t love a good reversal? 🔄 When the DMI is set like this, it suggests that prices could retrace.
In conclusion, if buying sprees from whales and institutions hold, they will maintain Hyperliquid’s uptrend and attempt a move to $44 – because who doesn’t love a good moonshot? 🚀 Conversely, if retail activity continues to decline while momentum is weakening, HYPE will retrace to $38.5 and find strength for another leg up – because who doesn’t love a good comeback story? 📈
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2025-06-15 00:14