- HYPE nears its all-time high as whales and institutions accumulate and stake millions worth of tokens.
- Grayscale-linked wallets bought and staked $24.95M worth of HYPE tokens.
- A trader’s $95.7M HYPE short is nearing liquidation as bullish momentum continues building.
Hyperliquid (HYPE) is attracting strong bullish attention amid historic price action, with the coin now approaching its all-time high. Meanwhile, blockchain data has revealed intense accumulation from institutional wallets, pointing to further upside potential.
According to analytics platform Lookonchain, two wallets linked to Grayscale Investments purchased 510,387 HYPE tokens worth around $24.95 million over the past week before staking them.
The accumulation follows Grayscale’s January filing of an S-1 registration statement for a potential HYPE ETF. This has fueled speculation that institutional demand for the token could continue to grow.
Whales Continue Staking HYPE
Additional on-chain activity suggests large investors remain confident in the token’s upside. Blockchain intelligence platform Arkham reported that wallet “0x85C” recently withdrew $5.72 million worth of HYPE from Bitget before staking the tokens.
The address has now staked around $15.33 million worth of HYPE and is sitting on more than $3 million in unrealized profit.
Meanwhile, Onchain Lens noted that another whale, identified as “0x082,” currently holds a 5x-leveraged long position in HYPE. The position has floating profits exceeding $21.4 million as the token’s price moved above $54.
Analysts Eye Higher Targets for HYPE
Market analysts are also turning increasingly bullish on HYPE’s price structure. Analyst Ali Martinez stated that HYPE continues to trend higher within its channel and identified $59 as the next key upside target.
Notably, this was where HYPE established its all-time high in September 2025. Traders believe it could enter a price discovery phase in the $60 to $70 region due to ongoing strong buying activity.
Moonrock Capital Founder Regrets Missing HYPE Rally
The token’s rapid rise has also caught the attention of prominent crypto investors. In a tweet, Simon Dedic, founder of Moonrock Capital, admitted he underestimated Hyperliquid’s growth. He said it was surprising to see HYPE rally like a low-cap token despite already reaching a massive valuation.
Dedic added that one of his biggest mistakes in recent years was dismissing Hyperliquid as “just another perpetual DEX,” even as the token continued to outperform much of the crypto market.
Meanwhile, as whales across the crypto community continue buying HYPE, one high-profile trader remains heavily bearish on the coin.
Major HYPE Short Nears Liquidation
Lookonchain revealed that trader “loracle.hl” is now sitting on nearly $20 million in unrealized losses on a massive HYPE short position, yet continues to add to the trade.
The trader currently holds a 1.71 million HYPE short position valued at approximately $95.79 million, with a liquidation price near $69.78. The liquidation level has now become a major price target closely watched by traders across the market.
In sum, HYPE has emerged as one of the strongest-performing crypto assets in recent weeks, supported by whale accumulation, rising staking activity, leveraged positioning, and increasing institutional interest.
Related: Bitwise CIO Says Hyperliquid Is a Financial “Super App” Amid $2.6B RWA Open Interest
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