Hyperliquid Explodes 12% as Bitcoin Whale Moves Billions, Is HYPE the Next Big Thing?

• Hyperliquid’s HYPE surges 12%, outperforming major cryptocurrencies amid market rebound.
• Bitcoin whale moves billions into Hyperliquid, sparking massive market interest.
• HYPE could soar to $55 as resistance breaks, analysts predict.

The cryptocurrency market has shown significant recovery, with total capitalization climbing to $3.87 trillion, marking a 2.37% rise. Bitcoin regained strength, climbing 1.25% to $111,526, while Ethereum surged 4.45% to $4,629 after dipping earlier in the week.

XRP and BNB recorded positive gains as well, with 4.12 percent and 2.34 percent, respectively. However, the real buzz is Hyperliquid and its token HYPE, which has been lighting up the altcoin community.

As the leading crypto has continued to increase, HYPE skyrocketed by more than 12 percent in the past 24 hours to hit a new high of $50.82. Analyst Ali Martinez has suggested that, should the token be able to breach the resistance it is currently facing, it may jump to the price of $55. Further rise may see HYPE rise to $58, but below the cost of $49, the price may pull back to $44-$42.

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Bitcoin Whale’s Major Move to Hyperliquid

A massive transaction by one of Bitcoin’s largest holders has brought more attention to Hyperliquid. This whale, with more than $11.4 billion worth of Bitcoin, sent 22,000 BTC to Hyperliquid, an operation worth billions of dollars.

Based on that, the whale bought 472,000 Ethereum worth $2.2 billion and also acquired a second extended position of $577 million. This mammoth transfer, conducted on Hyperliquid, has brought the platform into the limelight of the crypto sphere.

Hyperliquid is gaining momentum and has already collected $6 million in trading fees within the last 24 hours, which is more than Solana, Tron, and Ethereum. The platform also experienced increased traffic with Project X, which is one of the leading DeFi protocols in the Hyperliquid EVM, registering a remarkable total of $225 million in daily trading volume.

Having attracted serious interest in the platform by institutional players, Hyperliquid is set to grow even more. Its rapid rise, combined with substantial whale activity, indicates that HYPE may soon become a dominant force in the market.

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