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Crypto

HYPE Token Surges Amid Whale Buys and SEC Pre-IPO Futures Proposal

Guavy AI Editorial Team
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HYPE
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The HYPE token from Hyperliquid has seen significant price action in recent days. Currently trading around $59.37, it's showing strong technical support and bullish momentum. One major signal of this trend is a whale withdrawal of 57,000 tokens from Coinbase, which indicates long-term accumulation by the investor.

Derivatives trading for HYPE has also surged nearly 19%, adding to the token's overall bullish sentiment. Furthermore, Hyperliquid's Policy Center submitted recommendations to the SEC regarding pre-IPO futures trading. The aim is to improve market transparency and access through regulation.

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