New ATH: Whales Go Wild as HYPE Rockets to 12%

What do you get when whales start flexing, major exchanges roll out the red carpet, and the charts start glowing green? You get HYPE—literally.

Hyperliquid’s native token just did a gymnastics-level flip over its old all-time high (ATH), smashing through the $42 barrier and now orbiting around $43.49.

That’s a 12% surge in 48 hours, and over 40% growth in a week. Is this momentum real, or just another sugar rush in the wild world of altcoins? Let’s dive into the receipts.

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Whale Watch—Who’s Splashing the Big Bucks?

Forget the retail traders FOMOing in at the last minute. This rally has “Whale-Engineered” written all over it.

On-Chain Intel

According to blockchain analytics firm Arkham Intelligence:

• One whale wallet dropped $8.4M worth of ETH to scoop up HYPE.

• Another institutional wallet executed a multi-leg trade, swapping USDT → ETH → HYPE, totaling $6.2M.

• 3 high-net-worth wallets that were dormant since March suddenly activated—timing their buys right before the price breakout.

These aren’t coincidences—they’re calculated entries that front-run market-moving news.

Market Sentiment from Whalemap:

“HYPE is showing clustered accumulation zones at $32-$35. The breakout suggests long-term conviction by large players.”

This means whales aren’t just here for the weekend—they’re probably betting on ecosystem-level growth from Hyperliquid.

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Binance US Listing—The Catalyst Heard Around the Chain

On June 9th, Binance US dropped the bomb: it’s adding HYPE to its trading roster.

Why This Listing Matters:

This isn’t just a listing—it’s validation. Binance US listings are notoriously selective, and the onboarding process requires compliance reviews and liquidity checks.

Also worth noting: Binance doesn’t just list and bounce. They tend to support tokens with growth ecosystems, and rumors are flying that Hyperliquid Perpetuals might be getting Binance Labs’ attention next.

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Technical Analysis—The Charts Are Vibing

Let’s talk candlesticks. HYPE isn’t just mooning—it’s mooning with math behind it.

Chart Breakdown (4h Timeframe)

• Ascending Channel formed since May 20.

• Breakout Volume: 2.4x the 14-day average, signaling strength behind the pump.

• RSI: 69.2 (approaching overbought, but not dangerously so).

• MACD: Bullish crossover confirmed on June 8.

• 20-day EMA: HYPE has been trading above it for 21 consecutive days—classic bull trend sign.

Support Zones:

• $35.00 (strong buy wall seen on Limit Order Books)

• $38.25 (minor correction zone)

Resistance:

• $45.00 psychological level

• $48.70 (Fibonacci extension target)

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Under the Hood—Why Hyperliquid Is So Hyped

Hyperliquid is more than a token—it’s a zero-gas, ultra-fast decentralized perpetual exchange that’s gaining traction with traders who are tired of high ETH fees and slow confirmation times.

Key Features:

• Custom-built L1 chain (not a rollup, not an L2)

• Sub-second trade finality

• Decentralized governance via HYPE

• No gas fees on trades (yes, really)

Ecosystem Highlights:

• 50,000 daily active traders

• $2.1B in daily trade volume

• 25 perpetual markets listed (BTC, ETH, SOL, DOGE, and meme coins like PEPE, FLOKI)

Think of it like dYdX meets Solana, but with smoother UX and less centralization baggage.

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Where’s This Going? Real Talk.

Let’s zoom out. Yes, this rally is huge. But is it sustainable?

Bull Case:

• Binance US listing unlocks a wave of new users.

• Upcoming DAO governance proposals (e.g., “Hyperliquid Grants” to fund new projects).

• Whales are still accumulating, not selling.

Bear Case:

• Market-wide correction could drag HYPE down with it.

• If BTC breaks below $66K, altcoin momentum could stall.

• RSI nearing overbought could mean a short-term cooldown.

Verdict: Momentum favors bulls for now, but expect volatility—especially as whales test retail sentiment.

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Snapshot Summary

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