Crypto Whales Drive Bullish Sentiment for Hyperliquid
- Crypto whales, including BitMEX co-founder Arthur Hayes, are accumulating Hyperliquid’s HYPE token, with Hayes purchasing $1.1 million worth of HYPE.
- A whale deposited $7.86 million USDC to buy over 200,000 HYPE tokens, while another whale purchased approximately $2 million worth of HYPE at an average price of $38.5.
- The price of HYPE has increased by over 12% in the past week, currently trading around $42.
- Bitwise and other firms have filed for a Hyperliquid ETF in the U.S., potentially attracting institutional investment.
The recent accumulation of HYPE by crypto whales is contributing to its rising price and bullish sentiment in the market. The potential launch of a Hyperliquid ETF could further drive interest and investment into the token.
With significant purchases by key figures like Arthur Hayes and pending ETF applications, Hyperliquid’s value has seen notable growth recently (Source).
