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HYPE Core Highlights
- The large whale demonstrates long-term belief: An unnamed large player bought and pledged US$29 million worth of tokens.
- Traditional financial institutions have accumulated US$75 million in ETF positions: 30 institutions including UBS, Jane Street and Bank of Montreal jointly hold relevant assets.
- Market News: HYPE tokens are currently trading at close to US$85, recovering strongly from a low of US$50 and up 240% from the initial entry level. Market participants are closely watching the key resistance level of $105.
HYPE Token Price Performance and Technical Analysis
Hyperliquid (HYPE) tokens are currently hovering around US$85, thanks to significant large account holdings, expanded institutional participation through ETF tools, and positive technical momentum. After a strong rebound from the bottom of $50, market focus has turned to whether the token can break the $105 mark.
Cryptocurrency analyst Hov pointed out that early positions established at $26 yielded a staggering 240% return, while subsequent entries at around $55 yielded gains of more than 50%. These performance data highlight the continued buying activity surrounding the asset.
From a technical perspective, HYPE remains above the moving average of all major indices-the 20th EMA is at US$78.29, while the 50th, 100th and 200th EMA are ranked below in a textbook bullish pattern. In addition, the MACD indicator confirms that buyers maintain market dominance.
Large whale demonstrates long-term beliefs
Blockchain data analysis platform Lookonchain found that the address "0x6436" purchased an additional 343,000 HYPE tokens in a transaction worth approximately US$29.09 million. The major player's total holdings have now reached 3.24 million HYPE tokens, with a current valuation of approximately US$252 million.
It is worth noting that this whale pledged the entire allocation, indicating that it was adopting a long-term investment strategy rather than short-term speculation. Such large-scale commitments usually move tokens out of active circulation and show strong confidence in the future prospects of the project.
Traditional financial institutions have accumulated US$75 million in ETF positions
Bloomberg ETF analyst James Seyffart analyzed 13F regulatory documents and showed that as of the reporting date of June 30, 30 identified institutional investors had cumulative positions in Hyperliquid ETFs of US$74.9 million.
According to Seyffart's research results released by Wu Blockchain on the X platform, Wealth High Governance Asset Management ranked first with US$23.9 million in positions, followed by OLP Capital Management (US$10.5 million), UBS (US$7.5 million), Bank of Montreal (US$6.7 million) and Jane Street (US$4.4 million). These five companies alone represent more than 70% of all reported institutional exposure.
Currently, three HYPE ETFs are traded on U.S. exchanges: 21Shares launched THYP on May 12, Bitwise subsequently launched BHYP, and Grayscale launched HYPG in June. The funds manage a total of $480.86 million in net assets and have attracted cumulative net inflows of $356.58 million since their launch.
In addition, HYPE has also been included in the Hashdex Nasdaq Crypto Index U.S. ETF with a weight of 3.4%, making it the fifth largest component after Bitcoin, Ethereum, XRP and Solana. ETF inflows totaled $10.52 million during Friday's trading session, all of which went to Bitwise's BHYP products.
