Hyperliquid Price Surge Driven by Treasury Expansion, Whale Accumulation

The cryptocurrency Hyperliquid (HYPE) has seen a significant price increase of 3.84% over the last 30 hours, driven by several positive signals in the market.

One key factor is the expansion of Hyperliquid Strategies' treasury facility with Chardan Capital Markets from $1 billion to $2.5 billion, which provides additional firepower for HYPE buybacks and reinforces the idea of a 'buyback floor' under the token.

Whale accumulation has also been observed, with a single address buying 773,107 HYPE (approximately $63.6 million) across various exchanges, and another address purchasing around 94,150 HYPE (roughly $7.7 million) via FalconX.

Traders are positioning themselves ahead of the upcoming token unlock on September 6, when approximately 9.92 million HYPE (nearly $800 million at current prices) is scheduled to become available for trading and potential buybacks by the treasury.