Investment
Features
FeesSafety
Academy
More
Pluang+

Hyperliquid's HYPE token sees $82M staked by Multicoin Capital, boosting price to $43 amid shrinking supply.

Protocol Fundamentals
05 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Multicoin Capital staked 1.96 million HYPE tokens worth $82.06 million, signaling strong institutional interest in Hyperliquid. This staking, combined with ongoing token buybacks totaling $2 billion in burned HYPE, has reduced circulating supply and supported price stability. As a result, HYPE's price rose to $43.18, breaking resistance levels and showing bullish momentum, though downside risks remain. If current trends continue, HYPE could target $50, but active sell-side pressure could threaten its $40 support level.

More News

Ascentage Pharma CEO Dr. Dajun Yang named No. 3 on The Medicine Maker Power List 2026 for small molecule innovation.

Ascentage Pharma CEO Dr. Dajun Yang named No. 3 on The Medicine Maker Power List 2026 for small molecule innovation.

Dr. Dajun Yang, Chairman and CEO of Ascentage Pharma, was ranked No. 3 on The Medicine Maker Power List 2026 in the Small Molecules category, recognizing his leadership in oncology drug development. Under his guidance, Ascentage Pharma has advanced i...

Market News
Bullish
39 minutes ago
Toescoin engages with Japanese VC for up to $250K support to grow Solana memecoin project

Toescoin engages with Japanese VC for up to $250K support to grow Solana memecoin project

Toescoin, a memecoin on the Solana blockchain, announced talks with a major Japanese venture capital firm interested in investing up to $250,000 over time. This engagement aims to provide both funding and strategic support as Toescoin expands its pre...

Market News
Bullish
3 hours ago
XRP trades sideways amid XRPL upgrades and growing regulatory approvals boosting Ripple's ecosystem.

XRP trades sideways amid XRPL upgrades and growing regulatory approvals boosting Ripple's ecosystem.

XRP is trading in a narrow range around $1.10 as Ripple advances key upgrades to its XRP Ledger (XRPL), including new server software and automated market maker enhancements. The ecosystem also benefits from expanding stablecoin use with RLUSD and re...

Protocol Fundamentals
Bullish
4 hours ago
Solana stabilizes near $75 as Alpenglow upgrade and strong on-chain activity boost outlook.

Solana stabilizes near $75 as Alpenglow upgrade and strong on-chain activity boost outlook.

Solana (SOL) is consolidating around $75, supported by the validator-approved Alpenglow upgrade aimed at faster transaction finality and strong on-chain activity with 18 million weekly active addresses. Despite a recent correction, SOL shows medium-t...

Protocol Fundamentals
Bullish
4 hours ago
Spotify's stock fell 30% but strong growth and cash flow suggest it's undervalued and a buy.

Spotify's stock fell 30% but strong growth and cash flow suggest it's undervalued and a buy.

Spotify's stock price has dropped 30% from its all-time high, but this decline does not reflect the company's solid business fundamentals. The company shows strong growth in monthly active users and premium subscribers, supported by geographic divers...

Analyst Insights
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App