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HYPE token rebounds, whale buys $7.29M, and xStocks platform launches tokenized stock trading on Hyperliquid.

Protocol Fundamentals
12 Aug 2026
Blockonomi
View Source
Bullish
HYPE token rebounds, whale buys $7.29M, and xStocks platform launches tokenized stock trading on Hyperliquid.

The HYPE token from Hyperliquid has bounced back from its three-day moving average support, currently trading at $55.39 with a 1.5% gain. A major whale purchased $7.29 million worth of HYPE on Coinbase, signaling strong institutional confidence. Meanwhile, the new xStocks platform launched on Hyperliquid, offering tokenized stocks and ETFs with 24/7 trading. The platform also burned $1.07 million in HYPE tokens in 24 hours, continuing a sustained token burn that now totals 47.62 million tokens, or 4.76% of the max supply. The next price move depends on maintaining support and breaking resistance toward $57.

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Hyperliquid's HYPE token hits record $92.56 after launching new lending feature, boosting demand and trading activity.

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