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Monetalis transfers $13 million from UNI to HYPE, bulls stick to $52 support

2026-08-16 12:13:38
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Hyperliquid (HYPE) prices are stabilizing, buyers are actively defending the US$52 mark

Hyperliquid (HYPE) is currently stable, and buyers are actively building support around US$52, although resistance above continues to limit further price recovery. Well-known crypto fund Monetalis recently shifted a large number of positions from Uniswap's UNI tokens to Hyperliquid's HYPE. Market observers believe that this move reflects the market's growing confidence in HYPE's subsequent rising potential.

Monetalis increased its position in HYPE

As of press time, HYPE's trading price was US$56.38, the 24-hour trading volume was US$130.28 million, and the market value reached US$14.23 billion. Despite a correction from a June high above $75, HYPE has rebounded 1.29% in the past 24 hours. Recent trading activity and signs of large-scale accumulation suggest that HYPE may be building for a bullish reversal in the coming days.

Cryptocurrency analyst HypedLaunches pointed out that HYPE stabilized after falling sharply from a peak of $75, and buyer interest resurfaced in the $52 to $54 range. After experiencing a strong rise from the $20 to $30 range earlier this year and breaking past $50, bulls are now trying to regain ground lost in the recent decline.

Current chart analysis shows that US$52 - 54 is the key support area, while US$57 - 60 is the direct resistance level. A clear breakthrough of $60 could serve as a catalyst to push prices towards the next target range of $62 to $65. However, trading volumes remain sluggish, indicating that market momentum has not yet recovered.

Online data from Lookonchain shows that Monetalis sold 3.72 million UNIs through Cumberland, cashing in US$13 million, and bought 171,543 HYPEs worth US$9.56 million. These operations not only highlight the market's increased confidence in the Hyperliquid decentralized derivatives platform, but also bring short-term selling pressure to UNI.

Capital accumulation reappears in the decentralized derivatives sector

As Monetalis continues to accumulate HYPE, market participants are weighing whether this institutional capital inflow may become a leading signal. Technical analysis continues to emphasize the need to pay close attention to key support levels of US$52 to US$54 and resistance levels of US$57 to US$60 while prices remain limited in the current trading range.

Traders are closely monitoring broader market dynamics, including Bitcoin's recovery trends, which may indirectly support HYPE's upward trend. Bullishness has begun to accumulate again, but the overall trend still needs to be confirmed by higher trading volume and an effective breakthrough of $60.

While recent activity highlights the strong interest of giant whales, it does not necessarily mean that UNI's long-term prospects have turned negative despite recent outflows.

Tokenization broadens market participation channels

This trend coincides with broader changes in financial markets, as traditional brokers are facing competition from emerging Web3 solutions. As asset tokenization becomes increasingly popular, investors are increasingly using related platforms to directly hold shares of major U.S. company stocks, gold and silver through their cryptocurrency wallets. By converting real-world assets into tokens and automatically finding the best market prices, these platforms eliminate the need for intermediaries, marking a major shift for both institutional investors and retail traders.

Overall, buying activity by well-known players such as Monetalis may help strengthen market confidence in the emerging DeFi ecosystem, thereby bringing more liquidity and investor interest to agreements such as Hyperliquid.

If HYPE closes above US$60, the bullish trend may extend into the US$62 to US$65 region. The continued accumulation of funds is expected to boost investor sentiment in the short term.

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