Asset Manager Withdraws 15000 HYPE: Will Trendline Breakout Trigger 50% Rally?
Asset management firm DACM withdrew 15K Hyperliquid (HYPE) tokens on December 4 as HIP-3 custom markets hit $5B in volume.
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Asset management firm DACM withdrew 15K Hyperliquid (HYPE) tokens on December 4 as HIP-3 custom markets hit $5B in volume.
Three cryptocurrency whales opened nearly $100 million in long positions on Bitcoin and Ethereum through Hyperliquid, with leverage ranging from 2x to 25x.
Massive short positions by top Hyperliquid whales, combined with surging fear and panic across social media, suggest the crypto market might be inching toward a turning point.
A Hyperliquid whale using 20x leverage needs only a 5% Bitcoin rally to force automatic closure of the short position.
On-chain analysis confirms that Paradigm is the largest holder of HYPE, controlling over 19 million tokens worth $763 million.
21Shares has filed an S-1 with the SEC for the 21Shares Hyperliquid ETF, a fund that will track HYPE’s price and staking rewards.
HYPE price jumped 12% to $38.92 after Hyperliquid Strategies announced a $1 billion equity offering aimed at strengthening its balance sheet.
Hyperliquid is working on rolling out a major upgrade dubbed Hyperliquid Improvement Proposal 3 (HIP-3), which will boost perp market deployment.
HYPE continues to face selling pressure as popular trader James Wynn predicted a “slow and painful” death for the cryptocurrency.
Hyperliquid’s governance faces a pivotal vote as DBA proposes slashing HYPE’s supply by nearly half to improve tokenomics.
HYPE has recently faced a 10% price drop as Hayes sold $5 million worth of tokens, creating panic among traders.
HYPE token has recently surged to an all-time high of $59.39 as traders predict a potential multi-fold rally.
Gold price broke above $3,700 for the first time as investors seek safe-haven assets ahead of the Fed’s policy decision, while cryptocurrency markets remain mixed.
Pump.fun has overtaken Hyperliquid in daily revenue as PUMP token enjoys 69% weekly gains.
VanEck CEO endorses Hyperliquid’s growth as HYPE token surges to a new all-time high, drawing institutional interest.