HYPE Token Rises 6% Following $18 Million Whale Purchase
Despite a downturn in the broader crypto market, Hyperliquid (HYPE) is up by 6%, currently trading at approximately $36.05. This follows a significant drop over the weekend where HYPE fell below $32, marking a weekly decline of 19%. The market cap lost around $500 million during this period, but large buyers have emerged.
- A wallet named “0xDc50” deposited 17.5 million USDC into Hyperliquid and acquired 517,602 HYPE at an average price of $33.8, now valued at about $18.31 million.
- Since its launch in late 2024, HYPE has gained traction, skyrocketing over 1,000% in one year to become the 11th largest cryptocurrency with a market cap of $11.98 billion.
Price Analysis
- The RSI indicates neutral momentum without overbought or oversold signals.
- Immediate resistance is noted at $38.8.
- Bollinger Bands are widening, suggesting potential bullish continuation if HYPE maintains above the $35–36 range.
- MACD shows bullish signs with a positive crossover, indicating early buying momentum.
- Major resistance levels are projected around $41.2 and last week’s all-time high of $45.59.
Analyst Trading Tank predicts that HYPE could reach a new all-time high within weeks.
Subbd: AI-Driven Creator Subscriptions
As HYPE rises, Subbd (SUBBD) is gaining attention in the digital content sector, targeting the $85 billion creator economy with an AI-based platform for content sharing and monetization.
- SUBBD token, built on Ethereum, enables access to premium features and staking rewards.
- The ongoing presale has raised $690K, with a token price of $0.0557.
This project aims to modernize creator tools while enhancing user experiences through Web3 integration.