Lucía Peña
While most of the crypto market continues to feel the pressure from broad sell-offs, HyperLiquid (HYPE) is making waves with an impressive 15% price increase, pushing it into the top 20 cryptocurrencies by market cap.
What’s fueling the excitement? A newly activated whale wallet has just placed a 5x leveraged long position on HYPE, sparking renewed confidence among investors and traders.
In a move that’s caught the attention of analysts, a previously inactive wallet withdrew $2 million in USDC from Coinbase and transferred the funds to HyperLiquid. According to Hypurrscan, the wallet entered a long trade at $20.03, using 5x leverage—a strong signal of bullish conviction.
This high-risk, high-reward trade has intensified speculation about HyperLiquid’s near-term trajectory and triggered increased trading activity.
HYPE Price Eyes Further Gains After 72% Monthly Surge
Following a powerful 72% rally in the past month, HYPE has broken through the critical $20 resistance level, positioning itself for another potential 50% move upward. Analysts note that while short-term fluctuations may occur, momentum indicators suggest a target of around $21.50 over the next four weeks.
Can HYPE Break Its Point of Control?
After bouncing from strong support at $10 in early April, HyperLiquid has shown consistent strength, posting gains in 60% of its recent trading sessions. However, to sustain this bullish momentum, HYPE needs to break past the $23 point-of-control (POC).
A confirmed breakout above $23 would shift trading volumes in favor of the bulls, paving the way for continued upside.
Conversely, if HYPE dips below the $19 support level, it could invalidate the current bullish structure and trigger a short-term correction.
HyperLiquid’s Buyback Model Sets It Apart
One of HyperLiquid’s standout features is its aggressive token buyback program, often described as the most efficient in the crypto space. The platform reinvests 97% of its daily revenue into purchasing HYPE tokens, creating sustained demand and supporting long-term price appreciation.
With an average daily revenue of $1.3 million, data suggests it would take just 8.23 years to repurchase the entire token supply—an extremely bullish indicator for long-term holders.
The Bigger Picture: Altcoins Gaining Steam
Since the widely discussed “Trump Liberation Day,” multiple altcoins—including Fartcoin, Solayer, and Virtual Protocol—have also shown promising growth. But HYPE continues to lead the charge, supported by whale activity, strong fundamentals, and growing ecosystem strength.
