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HYPE whale accumulation grows as price recovers, eyeing $62 resistance amid rising exchange supply.

Market News
18 Aug 2026
AMBCrypto
View Source
Bullish
pluang ai news

Hyperliquid (HYPE) saw a significant whale accumulation after a wallet withdrew $3.36 million worth of tokens from Coinbase, reducing immediately tradable supply and signaling strong demand. However, overall exchange inflows rose by $3.38 million, increasing supply pressure and creating a tug-of-war between whale holders and exchange liquidity. Derivatives trading expanded with increased volume and open interest, though the market showed a slight short bias. Price recovery strengthened as HYPE defended $53.67 support and reclaimed $57.10, now targeting resistance near $62.48. Sustained buying is needed to push past $62 and potentially reach $68, but rising exchange supply could limit gains.

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