HYPE Stakes Recovery as Whale Activity and Bullish Divergence Rise

Hyperliquid's native token HYPE has been struggling to regain its footing after retreating from its June all-time high of $76.85.

The token currently trades around $57-$59, a significant drop from its peak but still holding above the crucial $52.636 local floor support level.

Despite this pullback, some large holders have continued to commit capital to the Hyperliquid ecosystem, with a recent whale staking transaction involving 2.93 million HYPE tokens valued at around $172 million at the reported price.

This coordinated group of whales accumulated the tokens from Bybit about nine months earlier at an average price of approximately $44.