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Hyperliquid rebounds to $42 as whale sells $8.93M HYPE, signaling profit-taking amid steady demand.

Technical Signals
17 May 2026
AMBCrypto
View Source
Bullish
pluang ai news

Hyperliquid (HYPE) bounced back to $42.80 after holding the $40 support level. A large whale sold 213,419 HYPE for $8.93 million, realizing $2.8 million in profit, but still holds significant tokens. Despite this profit-taking, demand remains steady with $17 million in daily inflows and strong buying activity, suggesting continued accumulation. Momentum indicators show buyers are absorbing sell pressure, pointing to a potential recovery toward $45 or sideways trading between $41 and $44 if profit-taking persists.

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