Hyperliquid’s native token, HYPE, surged 8% on Monday amid increased whale activity and rising bullish sentiment.
By Parth Dubey
Editor Hamza Tariq
Updated
3 mins read
Hyperliquid’s native token, HYPE HYPE $51.34 24h volatility: 8.7% Market cap: $13.91 B Vol. 24h: $518.40 M , surged by 8% on Monday, despite the slow movement seen in the broader crypto market. This spike coincided with a surge in whale activity, resulting in a 95% increase in the token’s 24-hour trading volume.
According to data compiled by LookonChain, whale qianbaidu.eth bought 260,900 HYPE tokens, worth around $13 million, in a single day through two wallets.
Whales are bullish on $HYPE.
qianbaidu.eth bought 260,900 $HYPE($13M) in the past 16 hours via 2 wallets.
0xe0f0 opened a long position of 136,906 $HYPE($6.9M) in the past 6 hours.
0x328B bought 43,415 $HYPE($2.13M) in the past 12 hours.
0x23fA bought and staked 42,161… pic.twitter.com/DVCF5srlUA
— Lookonchain (@lookonchain) September 8, 2025
Another investor, wallet 0xe0f0, opened a long position of 136,906 HYPE, equivalent to around $6.9 million.
Two additional whales combinedly purchased around $4.2 million worth of HYPE, indicating growing confidence in the token.
OnChain Radar reported that out of the last 20 major trades, only two were short positions, while the remaining 18 were longs. This further boosts bullish sentiment among large investors.
Agreed. Out of the last 20 major trades, only 2 were shorts while the rest were longs. pic.twitter.com/gUxjLwdtMe
— Onchain Radar (@onchain_radar) September 8, 2025
HYPE price has been on a steady uptrend since April, gaining over 1,400% in the past year and becoming the best crypto to buy in 2025.
At the time of writing, the 11th largest cryptocurrency is trading at around $50.5 with a market cap of $16.89 billion.
Crypto analyst Kamran Ashgar noted that HYPE’s supportive trend line has been retested three times in the past month, each time leading to bullish momentum. He added that a breakout above the $52 resistance level could fuel further gains.
There is something brewing in $hype, let's see what the chart says.
Supportive trend line is clearly visible.
3 retests have brought good bullish momentum each time.
$52.00 is a resistance after which a good bullish momentum will be seen. pic.twitter.com/qNjurd5se1
— 𝐊𝐚𝐦𝐫𝐚𝐧 𝐀𝐬𝐠𝐡𝐚𝐫 (@Karman_1s) September 8, 2025
HYPE price recently surpassed the 23.6% Fibonacci retracement level at $48.56 and is now testing its swing high of $51.07.
The next Fibonacci extension target is set at $53.97 (127.2%), suggesting room for upward motion.
HYPE price chart with Fibonacci retracement. | Source: Trading View
The RSI is approaching overbought levels, indicating bullish strength but cautioning against potential exhaustion. If HYPE fails to sustain above the 30-day SMA around $45.02, it could lead to a drop to $43.3.
HYPE price chart with RSI and Bollinger Bands | Source: Trading View
Meanwhile, the price has broken above the upper Bollinger Band, signaling strong upward momentum. However, it also hints at possible short-term pullbacks.
With HYPER’s eyes set on new highs, Bitcoin Hyper (HYPER) is turning heads during its presale stage.
The project has already raised an impressive $14.4 million and is tackling some of Bitcoin’s biggest challenges: slow transactions, high fees, and the lack of built-in smart contract capabilities.
Bitcoin Hyper’s next-gen Layer 2 solution uses an optimized virtual machine to deliver faster, cheaper transactions while staying securely anchored to Bitcoin’s rock-solid base layer.
Early backers are in for a treat, earning a whopping 76% APY on staked HYPER tokens, racking up rewards while helping grow the network.
The ecosystem revolves around the HYPER token, which functions as the network’s utility asset. It supports transaction payments, staking rewards, and provides access to advanced features, making it essential for the platform’s operations.
The current presale price for HYPER is $0.012875, providing early investors with a discounted opportunity.
Token Snapshot of HYPER:
With the next price increase only hours away, now is the perfect time to buy Bitcoin Hyper.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
