A group of 12 wallets deposited 36 million USDC into Hyperliquid within 24 hours, using about $24 million to buy 282,090 HYPE tokens at an average price of $81.50 each. The cluster now holds and stakes approximately 4.679 million HYPE, valued around $381 million. These wallets are suspected but not confirmed to be linked to venture firm Andreessen Horowitz (a16z), as no official statement or proof has been provided. About $12 million USDC remains unspent in these wallets, suggesting potential further purchases or repositioning. Ownership confirmation would require direct evidence such as a signed wallet message or official disclosure.
Hyperliquid (HYPE) has secured a strong breakout above $75–$76, trading around $81.30, but is overbought and may see a correction. Ethereum (ETH) surged past $2,400, facing resistance near $2,500, with potential to reach $2,700 if support holds. Chai...
Hyperliquid has introduced tokenized versions of Nvidia (NVDAx), Nasdaq-100 ETF (QQQx), and S&P 500 ETF (SPYx) as native spot markets on its decentralized platform, allowing 24/7 trading against USDC. This expansion from preliminary stages to active ...
Hyperliquid has activated AQAv2, a new mechanism directing 90% of yield from about $5 billion in USDC reserves into automatic buybacks and burns of its HYPE token. This upgrade, approved by 69.08% of validators, builds on a partnership with Circle an...
Hyperliquid's cryptocurrency token HYPE surged to a new high of $83.27, surpassing its previous peak of $67, driven by strong institutional buying and positive US regulatory developments. The rally follows Bitcoin's stabilization and a broader crypto...
Hyperliquid has launched its AQAv2 framework, directing yield from USDC reserves to buy back and permanently burn HYPE tokens. Circle manages the technical deployment of USDC, while Coinbase oversees treasury reserves. Reserve income accrues over 30-...
