HYPE Token Soars Over 11%, Hits Daily High Of $39.93
The post HYPE Token Soars Over 11%, Hits Daily High Of $39.93 appeared on BitcoinEthereumNews.com.
Hyperliquid’s HYPE token surged over 11% to near $40, fueled by an Arthur Hayes challenge and significant whale buys. Trader James Wynn recently made a $25 million profit on a Hyperliquid BTC perpetuals trade, sparking Hayes’ public comment. HYPE’s RSI is now overbought at 85, but its MACD remains bullish as the token eyes key Fibonacci targets like $43. Hyperliquid’s native token, HYPE, soared over 11% in the last 24 hours, briefly tagging a daily high of $39.93, as its trading volume spiked by 55%. This explosive price move for HYPE follows BitMEX co-founder Arthur Hayes’ challenge to trader James Wynn. Wynn is a self-described “memecoin maxi” who started with a modest $400K margin and built up to a $1.1 billion BTC perps position using 40x leverage on Hyperliquid. The trade, which captured both praise and criticism, ended with a whopping $25 million profit. The trader even confirmed in an X post that at its peak, his wallet showed an unrealized profit of a massive $87 million. Now, with Wynn cashing in that impressive reward, Arthur Hayes has publicly called him out, essentially saying “see you in Ibiza;” a crypto community insider nod associated with celebrating big wins. Whales Snap Up $27.8M of HYPE Token, Fueling Rally Further Adding fuel to HYPE’s price rally, on-chain analysis firm Lookonchain reported that five large crypto whales collectively bought 794,104 HYPE tokens (worth about $27.8 million) over just the last two days. 5 whales bought 794,104 $HYPE($27.8M) in the past 2 days! 👉0x24aB bought 448,071 $HYPE($15.65M) at $34.94. 👉0x13706 bought 149,860 $HYPE($5.28M) at $35.22. 👉0x033E bought 81,634 $HYPE($2.89M) at $35.45. 👉0x9553 bought 57,158 $HYPE($2M) at $35.04. 👉0xFa0F bought 57,381… pic.twitter.com/rHn7qxFrXp — Lookonchain (@lookonchain) May 25, 2025 These significant buys were concentrated around the $34.80–$35.45 price range for HYPE. Such massive purchases by large…
Filed under: News - @ May 26, 2025 5:25 pm