Crypto Whales Gobble Up $24M in HYPE, Sending Price to Stunning All-Time High

Whales just triggered a seismic shift in HYPE's market dynamics—plowing $24 million into the token and catapulting its price to a historic peak.

Breaking Down the Buy

Massive orders flooded the market, pushing HYPE into uncharted territory. The surge didn't just break records—it shattered expectations, proving once again that in crypto, big money moves fast and leaves retail scrambling.

Market Impact and Sentiment

Traders watched in awe as buy pressure overwhelmed resistance levels. The rally sparked frenzied speculation, though seasoned observers noted that whale-driven pumps often come with equally dramatic corrections—because what goes up in crypto usually comes down harder.

Why It Matters

This isn’t just another pump; it’s a statement. Whales are betting big on HYPE’s momentum, ignoring traditional finance’s skepticism about 'fundamentals.' Then again, when did crypto ever care about earnings reports?

Looking Ahead

Expect volatility—whales take profits, not prisoners. This surge puts HYPE on the map, but staying there requires more than just deep pockets. One thing’s certain: while Wall Street analysts scratch their heads, crypto’s big players are rewriting the rules—one $24 million gamble at a time.

• Over the past 20 hours, whales have bought more than $24M worth of HYPE, causing the price to briefly hit a new high and a 7% daily increase.
• Traders have continued to remain optimistic due to the rising volume, bullish technical setups, and hype around the $USDH stablecoin.

Recently, whales have been on a buying streak on HYPE, and this streak has caused the token’s price to hit a new all-time high. Hyperliquid, the parent platform to the HYPE, was created in 2022, and the native token was listed after a 2024 airdrop. When the token was first released, it had a price of $3.90, giving its entire supply a value of $1.2 billion. As of today, the price has quadrupled in growth due to continued interest from whales.

Whales’ Bullish Position on HYPE

Within the last few hours, different whales opened buy positions for HYPE, causing the price to hit a new all-time high. Although at the time of writing, the price has fallen a little under the new all-time high it created, the token has seen an influx of big investors.

According to details shared, within the last 20 hours, different wallets linked to major whales have collected more than $24 million in tokens. Lookonchain revealed that qianbaidu.eth purchased about 260,900 HYPE, which was worth $13M (when it was recorded), through two wallets.

At the same time, wallet 0xe0f0 opened a long position of 136,906 HYPE valued at $6.9M. Two more wallets labelled as 0x328B and 0x23fA also added $2.13M and $2M, with the latter staking soon after. After this move on-chain, it was recorded by CoinGecko that HYPE climbed to over $51, which represented a 7% daily rise and 13% weekly gain, with $360M in trading volume.

Analysts HYPE Price Prediction

Traders have continued to watch the price momentum and movement to see if there WOULD be any significant move in price and maybe a clear break to the upside within the next few days. So far, there has been a record of growing volume, positive chart setups, and excitement around the upcoming $USDH stablecoin.

Also, an X analyst, Kamran Asghar, shared a chart that highlighted a trend line that has guided the HYPE price upward movement since early August, with three successful retests that have led to sharp rebounds and also steady buying at lower points.

Currently, the price is pressing against $52, a barrier that the price has rejected several times recently. Asghar also noted that a break above this mark could open a MOVE toward $54–$56, with the trend line continuing to provide support.

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