- Whale added leveraged longs on HYPE, boosting bullish sentiment and market confidence.
- Hyperliquid’s open interest and volume surged, outpacing major platforms like OKX.
- Strong fee revenue and token burns support a potential breakout past $50.
A storm brews in the altcoin sea, and Hyperliquid — HYPE, seems ready to ride the wave. Up nearly 5% in just 24 hours, HYPE is starting to make serious noise. Traders are watching, whales are betting, and momentum keeps building. Since its launch, this token has shown sharp instincts and staying power. Now, with strong technical signals and heavy whale interest, HYPE stares down the $50 mark. The question is no longer if it can reach that level, but when.
Smart Whale Activity and Soaring Market Metrics
According to on-chain data from SpotOnChain, a smart whale has added major leveraged long positions. This investor opened a 10x long on both HYPE and PEPE, while also going 25x on Bitcoin and 40x on Ethereum. That move came from a wallet already sitting on 115% unrealized gains. Such a confident move speaks volumes, especially when paired with rising metrics across the board.
Hyperliquid’s open interest recently climbed to the sixth position globally, surpassing OKX in the process. At $14.29 billion, the platform now ranks second among derivatives exchanges with a cashless settlement system. Meanwhile, the 24-hour volume on Hyperliquid’s DEX hit $12.65 billion. That number, while still behind OKX’s, represents a massive and growing share of the market. CoinGlass data showed the OI-weighted funding rates flipping positive, rising from 0.0066% to 0.08%.
Burn Mechanism and Technical Setup Point to Strength
Hyperliquid’s strength isn’t just based on speculation—it’s backed by activity and revenue. According to Artemis, HYPE accounted for over 51% of the fees generated across major blockchains in the past 24 hours. That means it outperformed Ethereum, Tron, Solana, and even Bitcoin in this key metric. The platform uses those fees for buybacks, and the tokens bought are then burned. This reduces the circulating supply, creating steady upward pressure on price. While many projects promise value, Hyperliquid delivers it through active usage and deflationary mechanics.
From a technical perspective, HYPE recently retested the $41–$42 zone after a brief pullback. That level, which once acted as resistance, now supports further movement to the upside. The price touched a new all-time high at $49.87—just shy of the $50 mark.That near miss may act like a coiled spring. If buyers maintain their current pace, the $50 ceiling could soon break. The next likely target in that scenario would be $75.
However, even a brief period of consolidation or a retest below $40 could reset the rally and strengthen the foundation. Hyperliquid continues to prove it’s more than just hype. Whales are doubling down, network activity is rising, and tokenomics are working in its favor. Whether it pauses or breaks through, HYPE has earned the spotlight as one of 2025’s most exciting altcoins.
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