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Hyperliquid rises 6.5% despite heavy unstaking and profit-taking, backed by strong TradFi interest.

Market News
29 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Hyperliquid (HYPE) has shown resilience by climbing over 6.5% in less than 48 hours despite significant unstaking and profit-taking by large holders like Galaxy Digital and Loracle. This unusual strength amid selling pressure is driven by growing traditional finance (TradFi) interest from firms such as Bitwise Asset Management and Grayscale Investments, which view HYPE as fundamentally strong rather than speculative. The asset's ability to sustain its rally and reclaim its $63 all-time high suggests potential for further expansion in Q2, supported by institutional backing and ETF-related demand.

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