1d ago
Hyperliquid's HYPE rebounds toward $34 after $4 million whale buy, but key channel test looms
A previously inactive whale reportedly deployed $4 million in USDC into Hyperliquid's HYPE, lifting its holdings to 591,470 tokens while keeping $2.43 million sidelined. HYPE has bounced from near $21 to the $34 region and reclaimed $30, but still trades within a descending channel as spot demand strengthens and leverage cools.