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06/20 14:04Bullish

Hyperliquid eyes $79 – Can HYPE overcome $55M in s

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Hyperliquid eyes $79 – Can HYPE overcome $55M in selling pressure? Hyperliquid [HYPE] has ranked among the strongest-performing tokens over the past month, defying a broader crypto market that continues to underperform. On the 16th of June, the HYPE printed a fresh all-time high of $76.95, lifting its year-to-date return to roughly 179.45%. Whales have begun showing renewed interest in HYPE, resuming accumulation after a quieter stretch. Whales have started accumulating HYPE again over the past day, marking a noticeable shift in behaviour. Two of the most notable purchases came from a whale labelled Garrett Jin, who acquired 71,092 HYPE worth about $5.06 million, and an unidentified whale who bought 50,000 HYPE worth $3.58 million while holding a balance of roughly 200,000 HYPE worth $14.33 million at the time. On-chain Lens data shows Garrett Jin still has a time-weighted average price (TWAP) order running, meaning he is set to keep buying HYPE in increments over a defined period. Whale accumulation tends to strengthen an asset’s outlook because it often signals that more upside remains, with large holders typically chasing these gains. Many investors read such activity as a buy signal and re-enter the market to add to their positions.
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