Hyperliquid Hits New ATH! Can HYPE Hold the Rally or Is This Just a Whale’s Dream?

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Key Takeaways

Hold onto your hats, folks-Hyperliquid just shot up to a mind-blowing $57.38! 💸 Meanwhile, whales are munching through $9.46 million worth of HYPE, and it’s not even lunchtime. 🐋

Hyperliquid’s [HYPE] has risen by 7.55%, reaching a new all-time high of $57.38-before taking a small nap at $56.68 as we speak. Can it keep the good vibes going? Only time will tell… or will it?

In the meantime, HYPE’s market cap has hit a fresh peak at $19.13 billion, while volume jumped 39% to $617 million. Looks like everyone’s hopping on this rocket ship. 🚀

But here’s the burning question: Is this just the beginning of something magical or are we about to hit the peak of a very fancy hill? 🏔️

Whales Continue Scooping Up HYPE

As the price skyrocketed, it wasn’t just the average Joe getting in on the action. Investors are diving into the market, possibly thinking they might actually catch this golden wave. 💰

According to Lookonchain, one whale plopped $8 million into Hyperliquid and snagged 86,322 HYPE tokens worth a cool $4.88 million. 💵

Then, in what can only be described as a “let’s make it rain” moment, a whale wallet dropped 4.58 million USDC into Hyperliquid to buy more HYPE tokens. 🍾

Altogether, these whales have spent $9.46 million on HYPE. And guess what? It looks like they believe in the future of this rocket, not just a quick pit stop. 🚀

Meanwhile, exchange data is also chiming in on the party. Coinglass reveals HYPE’s Spot Netflow has been negative for two weeks straight. That’s right-more HYPE is leaving exchanges than entering. A classic sign of major players making moves. 🦈

At press time, Netflow stands at a staggering -$12.76 million. That’s right-money is walking out the door faster than you can say “sellout.”

Hyperliquid’s On-Chain Activity Heats Up 🔥

And it’s not just about whales. Oh no, HYPE’s on-chain activity is on fire. 🔥 It’s like the entire network just took an energy shot.

According to Dune, Hyperliquid’s Cumulative Trades surged to a jaw-dropping 147 billion, while Total Users jumped to 669.8k (and counting)!

What’s more, the number of new users shot up by 42% to 2.1k, a clear sign that people are joining the HYPE train faster than ever before. All aboard, folks! 🚂

On top of that, Hyperliquid’s Transactions Per User surged to a new all-time high of 20.5. Talk about engagement! These users are not just logging in to check their balance-they’re actually using the platform like it’s their second job. 💼

So, if you’re wondering if this rally is just some fleeting fad-don’t be. HYPE’s got organic demand, solid network usage, and a market condition that screams “higher prices.” 😎

Derivatives Capital Inflow Soars 📈

Here’s where things get even juicier. The derivatives market is getting in on the fun too! Capital is flooding in like it’s Black Friday at the crypto store. 🛍️

Defillama shows HYPE’s Perpetuals Volume skyrocketed from $3.3 billion to $12.3 billion in just five days. A neat little $9 billion surge. A nice little spike in demand, don’t you think? 🤯

When Perps Volume spikes like this while spot demand stays strong, it’s a signal that the market is getting real buying support-meaning the uptrend is probably legit. Don’t just take my word for it-look at the numbers! 📊

Can the Uptrend Continue?

So, what’s the final word on this? According to AMBCrypto’s analysis, HYPE is definitely on the up. The combination of whales, retail buyers, and strong on-chain activity means there’s a lot of room for this train to keep rolling. 🚂💨

If the market continues to be this bullish, we could see Hyperliquid soaring even higher-who knows, $60 might just be the next stop. 🚀

However, let’s not get too carried away. If the ATH gets too tempting for holders, we could see a selloff and HYPE could retrace to $51. Ouch. But for now, let’s ride this wave, shall we? 🏄‍♀️

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2025-09-12 15:10