Hyperliquid Hits a New All-Time High as Hype Whale Activity Soars

Key Insights

• Hyperliquid hits a new all-time high of $57 as capital inflow soars

• Whales accumulate offloads $29.37 million worth of Hype, as others accumulate $9.4 million.

The momentum behind HYPE shows no signs of slowing. The altcoin surged to a new all-time high of $57, pushing its market capitalization to $19.13 billion. This milestone reflects the massive capital inflows driving the project, with retail enthusiasm and whale participation combining to create a powerful rally.

Whales Take Profit as Hyperliquid Hits a New All-Time High

Not all large investors are holding onto their tokens. Several whales have used the recent price surge as an opportunity to realize substantial gains.

According to Lookonchain, a whale sold 188,861 HYPE worth $10.58 million at an average price of $56.01. The second whale offloaded 175,000 HYPE at an average of $55.72, netting nearly $9.75 million. The third whale wallet sold 113,310 HYPE worth $6.32 million at an average of $55.74. Finally, a whale exited 50,000 HYPE for $2.77 million at $55.53.

Source: Lookonchain

Perhaps the most notable is an early whale, who accumulated 1.26 million HYPE at just $7.52 per token, spending roughly $9.51 million. This same investor also received 22,270 tokens at genesis, significantly lowering his cost basis. He has since sold 385,513 HYPE at $41.9 average for $16.15 million, while still holding over 900,000 tokens valued at $50.5 million. His total profit now exceeds a staggering $57 million, a testament to the extraordinary upside early HYPE investors have captured.

Accumulation Continues Despite Profit-Taking

Interestingly, not all whales are cashing out. Some are using the price strength as an opportunity to build even larger positions.

According to Lookonchain, a whale deposited 8 million USDC into Hyperliquid, buying 86,322 HYPE worth $4.88 million alongside 466.68 million PUMP tokens valued at $2.74 million.

Source: Lookonchain

Another address deposited 4.58 million USDC into the same platform, also acquiring a sizable position in HYPE. This simultaneous buying and selling activity highlights a market at a crossroads, while some whales prefer to lock in profits at these elevated levels, others see long-term potential and are willing to commit fresh capital even after the rally.

Technical Indicators Point to Overheating

From a technical perspective, HYPE may be showing early signs of exhaustion. The Stochastic RSI sits at 97, with its signal line even higher at 99, suggesting extremely overbought conditions. Meanwhile, the Relative Strength Index (RSI) is at 69, close to the threshold that typically signals overbought momentum.

Source: Tradingview

These readings don’t guarantee an immediate correction, but they do suggest that the market could face volatility if buyers begin to lose conviction. In particular, if profit-taking accelerates among whales, the combination of high RSI levels and heavy sell pressure could trigger a retracement.

What Comes Next for HYPE?

The coming days may be crucial for HYPE’s trajectory. On one hand, the all-time high breakout and billion-dollar market cap confirm strong demand and momentum, making the token a magnet for speculative capital. On the other hand, whale selling pressure and overbought technicals raise the risk of a pullback.

If accumulation continues to offset profit-taking, HYPE may consolidate above $50 and attempt another leg higher. But if selling intensifies, traders should be prepared for a potential correction before fresh demand emerges.