Hyperliquid whales sell large amounts but retail buyers keep price stable amid strong platform growth.

Hyperliquid (HYPE) faces significant selling pressure from whales, including large offloads by wallets like Matrixport and HyperLab, yet retail traders continue to buy strongly, absorbing much of the supply and stabilizing the price around $42.50. Despite a roughly 1% price dip in 24 hours, the platform shows bullish signs with sustained retail demand and positive net inflows. Hyperliquid's cumulative perpetual trading volume hit a record $4.42 trillion, and the platform posted $192.5 million profit in Q1, demonstrating resilience and growth potential even in weaker market conditions. Continued retail accumulation could support a longer-term rally for HYPE.