Crypto
Hyperliquid's Hype Token Surges After Major Whale Buys $7.29M
The Hyperliquid (HYPE) token has shown significant strength in recent days following a technical recovery from its three-day moving average support.
HYPE currently trades at $55.39, up 1.5% over the last 24 hours, with a market capitalization of $13.96 billion and daily trading volume reaching $252.9 million.
A major whale was detected buying $7.29 million worth of HYPE through Coinbase in a single transaction, indicating strong institutional confidence in the asset's potential.
The xStocks platform has also debuted on Hyperliquid, introducing tokenized stocks and ETFs with round-the-clock trading capabilities, further contributing to the asset's growth.