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Institutional buying and staking boost Hyperliquid's HYPE token amid strong ETF demand.

Market News
21 May 2026
Coinpaper
View Source
Bullish
pluang ai news

Hyperliquid's HYPE token has attracted significant institutional interest, with wallets linked to Grayscale, Galaxy Digital, and a16z accumulating and staking millions of HYPE tokens worth tens of millions of dollars. This buying activity coincides with strong inflows into HYPE-linked ETFs, which have seen over $53 million in flows shortly after launch, supporting the token's price near its previous all-time high. Market watchers are closely monitoring whether continued staking reduces liquid supply and if ETF demand will sustain buying pressure, potentially driving the price into new highs. However, some caution exists about a possible "buy the rumor, sell the news" scenario as recent gains may already factor in institutional moves.

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