HYPE Token Rallies on Whale Accumulation and ETF Inclusion

The Hyperliquid (HYPE) token has seen significant price action in recent times, with its value rising by 1.36% to $85.36 in a single day.

This increase is largely attributed to whale accumulation and staking activity, as well as the token's inclusion in the Nasdaq Crypto Index US ETF.

A large investor operating the wallet '0x6436' has acquired 343,000 HYPE tokens valued at approximately $29.09 million, according to on-chain data shared by Lookonchain.

This move increases the whale's position to 3.24 million HYPE tokens, collectively worth around $252 million, and is seen as a long-term commitment to the project rather than seeking short-term gains.