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HYPE Sees Fresh Whales Stake $39M in Sudden Crypto Market Rotation

Guavy AI Editorial Team
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HYPE
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A significant influx of funds into Hyperliquid has been observed as a large wallet accumulated $39.67 million worth of HYPE tokens from various exchanges, including Bybit, OKX, and Gate.

The newly formed wallet gathered 724.88K tokens valued at $39.67 million before staking the entire sum on Hyperliquid.

This whale accumulation arrives amid a broader crypto market rotation that favors liquid staking venues.

The token's price currently tests upper Bollinger resistance at $54.41, while its EMA50 at $54.5 provides immediate support and its EMA200 at $60.13 caps the longer-term range.

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