What’s Fueling Hyperliquid’s Price Rally Amid a Crypto Sell-Off? Is It Too Late to Buy?
The post What’s Fueling Hyperliquid’s Price Rally Amid a Crypto Sell-Off? Is It Too Late to Buy? appeared on BitcoinEthereumNews.com. The post What’s Fueling Hyperliquid’s Price Rally Amid a Crypto Sell-Off? Is It Too Late to Buy? appeared first on Coinpedia Fintech News Even as Bitcoin slipped below the $100,000 mark amid rising geopolitical tensions and market anxiety, not every token followed the same path. While most cryptocurrencies struggled to hold their ground, one project quietly stood out from the crowd. Hyperliquid’s native token, HYPE, has been holding strong and in a market drowning in red, it’s one of the few names flashing green. Currently trading at $35.83, HYPE has climbed 4.6% in the last 24 hours. With a market cap of $11.8 billion and consistently strong trading volumes, the project seems to be defying the odds. Technical indicators show a mixed but promising picture. If HYPE manages to break past the $39 resistance level, it could open the door for another rally. Whales Are Buying Big One possible reason behind this spike is rising whale accumulation. Data from Lookonchain reveals that a newly created wallet (0xDc50) deposited $17.5 million USDC into the Hyperliquid platform over the past two days. The wallet used those funds to purchase 517,602 HYPE tokens, which have already grown in value to $18.31 million. Such a large and confident buy shows strong belief in HYPE’s potential. A newly created wallet "0xDc50" deposited 17.5M $USDC to Hyperliquid and bought 517,602 $HYPE($18.31M now) at an average price of $33.8 over the past 2 days.https://t.co/r4miVTUtwH pic.twitter.com/Qf070BvuZp — Lookonchain (@lookonchain) June 23, 2025 Hyperliquid’s total value locked (TVL) also climbed sharply to $1.8 billion earlier this week, despite the volatile market. Hyperliquid leads all chains in gross profits for May and recently recorded over $9 billion in open interest, even surpassing Binance. Furthermore, USDC usage on Hyperliquid is booming, up 8.3% this week, far outpacing the industry’s 0.4% growth.…
The post What’s Fueling Hyperliquid’s Price Rally Amid a Crypto Sell-Off? Is It Too Late to Buy? appeared on BitcoinEthereumNews.com.
The post What’s Fueling Hyperliquid’s Price Rally Amid a Crypto Sell-Off? Is It Too Late to Buy? appeared first on Coinpedia Fintech News Even as Bitcoin slipped below the $100,000 mark amid rising geopolitical tensions and market anxiety, not every token followed the same path. While most cryptocurrencies struggled to hold their ground, one project quietly stood out from the crowd. Hyperliquid’s native token, HYPE, has been holding strong and in a market drowning in red, it’s one of the few names flashing green. Currently trading at $35.83, HYPE has climbed 4.6% in the last 24 hours. With a market cap of $11.8 billion and consistently strong trading volumes, the project seems to be defying the odds. Technical indicators show a mixed but promising picture. If HYPE manages to break past the $39 resistance level, it could open the door for another rally. Whales Are Buying Big One possible reason behind this spike is rising whale accumulation. Data from Lookonchain reveals that a newly created wallet (0xDc50) deposited $17.5 million USDC into the Hyperliquid platform over the past two days. The wallet used those funds to purchase 517,602 HYPE tokens, which have already grown in value to $18.31 million. Such a large and confident buy shows strong belief in HYPE’s potential. A newly created wallet "0xDc50" deposited 17.5M $USDC to Hyperliquid and bought 517,602 $HYPE($18.31M now) at an average price of $33.8 over the past 2 days.https://t.co/r4miVTUtwH pic.twitter.com/Qf070BvuZp — Lookonchain (@lookonchain) June 23, 2025 Hyperliquid’s total value locked (TVL) also climbed sharply to $1.8 billion earlier this week, despite the volatile market. Hyperliquid leads all chains in gross profits for May and recently recorded over $9 billion in open interest, even surpassing Binance. Furthermore, USDC usage on Hyperliquid is booming, up 8.3% this week, far outpacing the industry’s 0.4% growth.…
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