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HYPE token jumps 240% amid major whale buy and $75M institutional ETF holdings

Market News
06 Sep 2026
Blockonomi
View Source
Bullish
HYPE token jumps 240% amid major whale buy and $75M institutional ETF holdings

The HYPE token surged 240% from early entry points, currently trading near $85 after recovering from a $50 low. A major whale investor bought 343,000 HYPE tokens worth $29 million and staked the entire position, signaling strong long-term confidence. Additionally, 30 institutional investors, including UBS and Bank of Montreal, hold nearly $75 million in Hyperliquid ETF positions. HYPE is also part of the Hashdex Nasdaq Crypto Index US ETF with a 3.4% allocation. Market watchers are now eyeing the $105 resistance level as the next key milestone for the token's price movement.

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