🚀 HYPE Coin Soars to $39.20: Kinetiq Launch & Whale Activity Fuel Crypto Frenzy

HYPE Coin just blasted past expectations—hitting $39.20 as the Kinetiq platform goes live and whales dump stacks to chase the pump. Here’s why traders are FOMO-ing in.

The Kinetiq Effect: More Than Just Hype?

New protocol launches always stir the market, but Kinetiq’s debut sent HYPE into orbit. Liquidity surges, validator queues max out—classic crypto chaos with a side of ‘wen lambo?’

Whales Move, Markets Groove

On-chain sleuths spotted eight-figure buy walls before the spike. Now every degen with a Binance account is front-running the next whale trade. Pro tip: they usually exit before tweeting about it.

Price Discovery or Pyramid Scheme?

Let’s be real—39 bucks might hold until the next Fed meeting… or collapse faster than a Terra stablecoin. Either way, grab popcorn and leverage responsibly. (Said no crypto trader ever.)

• HYPE rises 5.41% in 24 hours, with $13.08 billion in trading volume and a 3.58% weekly increase.
• Over $40 million HYPE in tokens unstacked by whales, fueling institutional interest ahead of Kinetiq launch.
• CoinCodex forecasts a dip in the asset’s price but predicts a 30.81% potential profit by July with a bullish trend.

As of press time, Hyperliquid (HYPE) is trading at $39.20, marking a 5.41% increase over the past day. The trading volume for the same period stands at $13.08 billion, reflecting a 5.36% uptick. Over the last week, the token coin price has increased by 3.58%.

Source: CoinMarketCap

Over 40 million worth of HYPE tokens have been unstacked in anticipation of the Kinetiq launch. This is a big move that is mainly initiated by three large whale wallets. Such withdrawals are redefining the general market sentiment, spurring speculation and institutional attention toward the Hyperliquid platform.

Kinetiq’s Impact on Hyperliquid

Messari highlighted that 1 million HYPE tokens are being unstacked. Among them, the three main addresses are releasing 847,000 tokens, or around $33.5 million. The staking process is taking place against a timeframe of seven days, which underscores increased institutional interest in Kinetiq, an emerging liquid staking protocol. Kinetiq will seek to add new functionality to the network, making it more attractive to large institutional investors.

$40 million of $HYPE will be unstaked on July 15 pic.twitter.com/AIIGlQvII3

Kinetiq will also provide a number of major features to the network, such as automated validator scoring, dynamic stake distribution, and a two-token rewards system, including kHYPE and iHYPE. The protocol will fulfill the specifications of institutional partners, including FlowDesk and IMC Trading. The CoreWriter Contracts integration feature in Hyperliquid has eliminated those constraints. Kinetiq can now interact directly with the mainnet and open up more advanced smart contract capabilities.

According to the CoinGlass data, the trading volume fell by 10.59% to $1.09 billion. Conversely, the open interest has risen by 3.39% to stand at $1.76 billion. The OI-weighted funding rate on Hyperliquid is 0.0052%, indicating short-term stability.

Source: CoinGlass

HYPE Monthly Outlook

CoinCodex predicts the value of Hyperliquid to fluctuate within the range of $26.71 to $38.72 by 2025, which shows a possibility of contracting the coin at its current level. The decline may offer an entry point to investors seeking to make profits by shorting the token.

The monthly predictions of CoinCodex are more optimistic towards the end of the year. The July price range will be between $27.15 and $38.72, with an average of $30.80. This implies that investors who purchase at the current prices may have a potential profit of 30.81%. In August, cryptocurrency may go up to between $29.45 and $31.48, or 19.76% possible returns. In September, the token might extend its ascent, topping at $29.93, with an investor retaining 20.36% from investments.

Source: CoinCodex

There is also a market indicator based on RSI and MACD data. RSI is 54.10, and this implies that the market is neutral. The MACD line is 0.880, and the signal line is 0.78,6, indicating a bullish crossover. These signs represent good short-term momentum of the token.

Source: TradingView

Hyperliquid is growing well with institutional interest and the launch of Kinetiq in the NEAR future. Nonetheless, investors must remain cautious of the possible volatility in the next few months due to the market adapting to these developments.