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HYPE token rebounds as Arthur Hayes buys amid strong fundamentals and growing network activity.

Protocol Fundamentals
08 Jun 2026
AMBCrypto
View Source
Bullish
pluang ai news

Arthur Hayes recently bought $2.09 million worth of Hyperliquid's HYPE token after selling $18 million last week, signaling a potential local bottom following a 20% price drop. This buy occurred near $60, a key support level from which HYPE previously rallied 25%. Beyond trading moves, HYPE's fundamentals are strengthening with rising total value locked (TVL), record fee generation, and increased on-chain activity, indicating robust ecosystem growth. Despite concerns of future profit-taking by Hayes, the network's strong fee production compared to major cryptocurrencies suggests sustained user engagement, supporting the token's recovery beyond mere speculation.

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