Hyperliquid's HYPE token is set for a $500 million unlock this week, releasing 7.88 million tokens that could trigger selling pressure. Despite technical signs of overbought conditions and a recent 37% rally, strong spot buying and whale accumulation suggest the unlock might fuel further gains rather than a sharp correction. On-chain data shows genuine spot demand and significant whale buybacks, indicating strategic positioning ahead of the unlock. The event could act as a liquidity catalyst, potentially pushing HYPE to new all-time highs instead of a pullback.
Hyperliquid's native token HYPE surged over 50% in a month, climbing from under $38 to above $64 and pushing its market capitalization to about $16 billion, surpassing Dogecoin and entering the top 10 cryptocurrencies. This rally was accompanied by a...
NEAR Protocol's price surged about 50% in seven days, reaching a six-month high near $2.34, outpacing most large cap cryptocurrencies. This rally is linked to traders rotating into Arthur Hayes's "holy trinity" of altcoins: NEAR, Hyperliquid (HYPE), ...
The HYPE token on Hyperliquid reached a new all-time high of $64.21, forcing a whale trader to unwind a $27 million short position by selling over $14 million worth of tokens. The trader still holds a partial short position while offloading more toke...
Hyperliquid's native token HYPE surged over 40% in the past week, driven by significant institutional ETF inflows, protocol buybacks, and record derivatives trading volumes. The launch of two Hyperliquid ETFs in the U.S. attracted over $53 million, b...
Investors withdrew over $1 billion from bitcoin ETFs and $215 million from ether ETFs last week, signaling reduced interest in major crypto assets. Instead, funds flowed into alternative tokens, with new HYPE spot products gaining about $72 million a...
