Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Massive Whale Buys Push HYPE to New All-Time High

Massive Whale Buys Push HYPE to New All-Time High

CryptopotatoCryptopotato2025/09/07 16:00
By:Author: Olivia Stephanie

HYPE marked new all-time high after these big whale purchases.

TL;DR

  • Whales accumulated $24M in HYPE within hours, fueling momentum as the price closes in on ATH.
  • Technical charts show a strong support trend line, with $52 resistance key for the next bullish breakout.
  • Hyperliquid governance vote on USDH ticker may redirect $5.5B and yield $220M annually.

Whales Accumulate Millions in HYPE

Hyperliquid (HYPE) just breached its previous all-time high as whales continue to add large positions. Over the last 16 hours, wallets linked to major buyers have picked up more than $24 million worth of tokens.

Lookonchain reported that qianbaidu.eth bought 260,900 HYPE ($13M) in the past 16 hours via 2 wallets. In the same period, wallet 0xe0f0 opened a long position of 136,906 HYPE ($6.9M). Two other wallets, 0x328B and 0x23fA, added another $2.13M and $2M in tokens, with the latter staking its purchase shortly after.

CoinGecko data shows that HYPE skyrocketed to a new all-time high of just over $51. The token is up 7% in the last 24 hours and 13% over the past week, with daily trading volume at $360 million.

Market analyst Nanji noted the scale of recent buys, writing ,

“Whales straight up aped $24M into $HYPE in the last 16 hours… we might be staring at $65 HYPE sooner than u think.”

Technical Chart Shows Bullish Setup

Chart analysis from Kamran Asghar points to a supportive trend line that has carried HYPE higher since early August. Each of the three retests of this line has been followed by a strong bounce, showing steady accumulation at lower levels.

Price action is now testing resistance at $52, a level that has been rejected multiple times in the past month. Asghar stated,

“$52.00 is a resistance after which a good bullish momentum will be seen.”

A breakout could pave the way toward $54–$56, with the rising trend line acting as support.

Governance Vote on Stablecoin Ticker

The Hyperliquid community is preparing for a governance vote on September 14 over the USDH ticker. CryptoPotato reported that the vote is focused on strengthening the platform’s native stablecoin strategy and reducing exposure to USDC.

If passed, the change could redirect up to $5.5 billion from USDC and generate an estimated $220 million in yearly yield for HYPE holders. The decision will serve as a test of the network’s community-driven governance model.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitget Wallet launches Refer2Earn feature, creating a long-term incentive mechanism

Recently, the world-leading Web3 wallet, Bitget Wallet, has added the Refer2Earn feature to its Earn Center. This is the industry's first long-term incentive mechanism specifically for Web3 wallet users.

Bitget Wallet2025/11/12 10:27
Bitget Wallet launches Refer2Earn feature, creating a long-term incentive mechanism

Full Text of Buffett’s “Final Letter”: “I Was Purely Lucky,” but “Father Time Has Caught Up With Me,” and I Will “Remain Quiet”

He admitted that he has been favored by the “goddess of luck” throughout his life, as if he had “drawn an extraordinarily long stick.”

深潮2025/11/12 10:26

“I’m Going to Quiet Down”: Warren Buffett’s Final Letter to Shareholders (Full Text)

After a legendary 60-year journey, Warren Buffett has issued his final letter to shareholders. "I will no longer write Berkshire's annual report, nor will I give lengthy speeches at the shareholders' meeting. As the British say, it's time for me to 'quiet down.'"

Jin102025/11/12 10:24

Why prediction markets are still in the exploratory stage

In-depth analysis of the five major systemic obstacles hindering the development of prediction markets.

BlockBeats2025/11/12 09:25
Why prediction markets are still in the exploratory stage