HYPE Token Skyrockets 300% as Whale Activity Triggers $28.4M Windfall—FOMO Follows

Whales dump—then pump—leaving retail traders scrambling for scraps. Again.

When big money moves, markets listen. This time, a single whale’s HYPE play netted a staggering $28.4M profit, sending the token’s price into the stratosphere.

Market psychology 101: Nothing breeds demand like a 300% green candle. Cue the retail stampede.

Bonus jab: Another day, another ’organic’ rally conveniently timed for maximum leverage liquidations. How... predictable.

• HYPE price has surged by 300%, breaking past its key resistance levels and reaching a new all-time high of $38.75.
• Over the last few days, whales like James Wynn and wallet 0x82d8 have made big bets on Hyperliquid and exited with huge profits.

HYPE price has continued to increase due to the increased number of trading activities from crypto whales. Since April 7, the token has become one of the top gainers in the crypto space, jumping by 300% and hitting a new all-time high. Its new growth has renewed interest in the token amid heightened market volatility.

The token reversed its downtrend on the 7th of April, and since then, it has stayed up. Before the reversal, the token’s price faced several rejections before it finally broke out on May 21 and closed above $27.50. As of the time of writing, the token price is at $38.75, showing a solid 11.7% increase in 24 hours. 

source: coingecko

Whale Activity and Strategic Moves in HYPE

Last week, James Wynn, a popularly known X trader, closed a $1.25 billion long bet on Bitcoin using 40x leverage on the decentralized exchange Hyperliquid. He lost about $13.4M after BTC/HYPE dropped by 1.3%.

After he lost that trade, he made another bet against bitcoin by opening a $111.8 million short position for 1,038.7 BTC at $107,711.1, with his liquidation price set at $149,100.

Despite the loss, Lookonchain reported a few hours ago that Wynn has withdrawn $28M USDC from Hyperliquid, making $25.2 million in profit. The data also recorded that in the last 75 days, the trader has made 38 successful trades, winning 17 with a 45% success rate. 

Another whale, 0x82d8, who kept 1.45 million worth of HYPE tokens ($55 million) for five months, has sold a part of his holdings. He bought the tokens between December 7 and January 9 for $26.58 million at an average of $18.39 each. Over the last three days, he sold 395,000 HYPE ($14.51 million) at $36.69 and still owns 1.05 million HYPE ($40.5 million), securing a total profit of $28.4 million.

These recent whale moves have continually drawn more eyes to Hyperliquid, with some traders thinking early talks with regulators might help keep HYPE’s rise going.

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