Hyperliquid’s HYPE Token Hits Record High Amid Whale Accumulation

Hyperliquid’s native token HYPE surged past $41 on June 10, eclipsing its previous all-time high set in May. The rally follows aggressive accumulation by deep-pocketed investors, including a single whale purchasing $9.976 million worth of tokens at an average price of $38.46.

Blockchain analytics reveal this whale has realized over $10 million in trading profits from HYPE. Two additional addresses acquired 99,000 tokens in 24 hours, with another 57,000 HYPE bid pending at $24.95, signaling sustained demand even at lower price levels.

The derivatives exchange token gained ecosystem support through SwissBorg’s recent integration, enabling fiat conversions from 16 currencies and on-chain staking via the Meta-Exchange platform. This institutional endorsement coincides with heightened market interest in decentralized finance infrastructure tokens.