The post Whale Scoops $7.99M HYPE As Whales Begin Massive Accumulation appeared on BitcoinEthereumNews.com.

Of late, Hyperliquid (HYPE) not only appears making impressive price movements, but garnering attention from whales. Today, Onchain Lens spotted a whale who deposited $2 million USDC into Hyperliquid to buy more HYPE tokens. Open order to buy more HYPE This massive deposit comes after the whale deposited another $7.99 million USDC into Hyperliquid five days ago. The whale has an open order designed to accumulate more 100k Hyperliquid tokens in the coming days. So far, he spent $5.99 million to purchase 376,442 HYPE tokens at $15.9. Due to current price increases, his HYPE tokens currently hold unrealized profit of $266,000. This whale’s market activity suggests that larger investors are steadily accumulating HYPE tokens, suggesting rising confidence in Hyperliquid’s long-term value. Also, his acquisition shows that big investors see current HYPE prices as a buying opportunity, not a high. This also indicates that whales are accumulating Hyperliquid and transferring tokens to cold wallets – a traditional indicator of long-term holding. While this buying trend often happens before a market rally, it helps decreasing the available supply of HYPE tokens on exchanges, increasing scarcity and possibly fuelling prices higher. HYPE price updates Several on-chain indicators point out this recent buying activity and a looming HYPE’s price surge. First, looking at trading chart, the altcoin’s price is currently standing at $16.60, up 9.2% from yesterday. HYPE has been experiencing an impressive uptrend in weekly, biweekly, and monthly timeframes, with its prices up by 20.1%, 48.0%, and 25.8%, respectively. This green figures show that Hyperliquid has recently been experiencing substantial buying pressure, as both small investors and whales are accumulating the token, contributing to noticeable price rises. This shows that long-term buyers continue heightening their accumulations, optimistic for future price growth. The current price of Hyperliquid is $16.60. Moving down, the presence of…

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Filed under: News - @ April 18, 2025 6:26 am