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Hyperliquid price dips near $80 amid large whale withdrawals and strong staking activity.

Market News
29 Aug 2026
Blockonomi
View Source
Bearish
pluang ai news

Hyperliquid (HYPE) price fell nearly 3% to around $80.80 following significant withdrawals of 83,630 HYPE tokens worth $6.69 million from Coinbase Prime by two linked wallets. These wallets have accumulated about $14.83 million in HYPE over two weeks, signaling strong whale activity. Meanwhile, Bitwise's BHYP ETF holds $185.96 million in HYPE with a 70% staking ratio, tightening available trading supply. Despite price pressure from broader crypto market sell-offs and Federal Reserve inflation concerns, ongoing staking and whale buybacks support demand. The near-term price support is between $78 and $80, with potential resistance near the recent $86.71 record.

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