A whale deposited $5 million on Hyperliquid and purchased 59.2k HYPE worth $2.3 million.
Due to obvious whale-driven accumulation taking place behind the scenes, Hyperliquid's native token HYPE is once again relevant. Whales are positioning for a continuation rather than an exit, despite the fact that the price has already demonstrated a strong recovery from local lows.
Oil perpetual futures pushed to new volume records in the past day. HIP-3 activity is partly due to whales attempting to benefit from the April 14 rollover of the front-month futures.
HYPE exits descending channel as bullish pressure builds, with traders watching key resistance and support zones closely.
This Wednesday, a massive wave of liquidations swept through Hyperliquid traders after benchmark oil prices collapsed following President Trump's announcement of a cessation of hostilities with Iran. Data from Allium reveals that 3,000 users speculating on Brent and WTI crude saw their positions forcibly closed, accumulating losses of $79.7 million.
A whale wallet tied to pseudonymous trader “Techno Revenant” has just unstaked roughly 2.4 million HYPE tokens after a six‑month lock-up, freeing an estimated $93.
Brent crude oil prices were on track for their biggest daily decline since the start of the COVID-19 pandemic in early 2020.
Hyperbeat launched Liquid Banking, a non-custodial financial layer built on the Hyperliquid blockchain that unifies and provides trading, savings, payments and fiat access services within a single on-chain account. The system was developed in partnership with Paxos Labs, whose stablecoin infrastructure backs the native stablecoin beatUSD, and with Noah, a global provider of fiat on and off-ramps.
Hyperliquid price rallied 10% to $39 on Wednesday as reports of a temporary ceasefire in the ongoing U.S.-Iran war eased investor nerves. According to data from crypto.news, Hyperliquid (HYPE) price rose to an intraday high of $39.
The Hyperliquid token experienced a notable climb exceeding 5% throughout the last 24-hour period, positioning itself around $38.28. This upward momentum coincided with a wider cryptocurrency market rebound, as Bitcoin advanced over 4% during the identical timeframe.
BitMEX co-founder Arthur Hayes has revealed that Hyperliquid's HYPE token is currently the only asset he is buying. The comment comes as HYPE posts strong gains, with the token rising around 9% in the past 24 hours and extending its rally this year.
Arthur Hayes, BitMEX co-founder and CIO of family office Maelstrom, is making bold moves in the current crypto market. In an April 8 post on X, Hayes publicly declared that Hyperliquids HYPE token is the only asset his team is actively purchasing right now, reinforcing a bullish stance he has held for some time.