HYPE whale sells $19.8 million near highs – Can Hyperliquid still hold up?
Tech HYPE whale sells $19.8 million near highs – Can Hyperliquid still hold up? Hyperliquids market structure has increasingly strengthened as sustained trading activity and liquidity expansion reinforced broader bullish momentum recently. Buyers also maintained a stronger conviction because platform growth continued translating directly into rising token demand beneath current conditions. HYPE later surged 133% within ninety days after rallying from sub-$30 levels toward a fresh peak near $64.27 during late May. That expansion also pushed valuation near the broader $64.2 billion all-time high while derivatives participation accelerated aggressively across markets. Source: X Meanwhile, Open Interest [OI] climbed beyond $2.5 billion as rising taker flows and healthy funding rates reinforced continuation momentum further. Platform revenues also supported ongoing token buybacks, tightening the circulating supply beneath expanding demand conditions. However, elevated leverage near all-time highs still increases liquidation risks if profit-taking starts overwhelming fresh liquidity absorption. ETF inflows and buybacks reinforce HYPE demand structure Hyperliquids momentum structure increasingly deepened as institutional flows started reinforcing the earlier surge in derivatives-driven participation recently. Market conviction also strengthened because protocol-driven demand continued absorbing supply beneath expanding speculative activity. ETF products tracking HYPE later attracted roughly $81 million in cumulative inflows, while daily inflows peaked near $25.5 million on the 20th of May. Source: Farside That mechanism