Hyperliquid (HYPE) Surges 12% as Influencers Drive Whale Activity
Hyperliquid (HYPE) Performance
- HYPE has gained 12% in the last 24 hours, nearing its all-time high of $40.
- Influencers like Andrew Tate are leveraging HYPE for crypto bets on Bitcoin and Ethereum.
- Binance.US is considering listing HYPE, prompting increased whale activity.
Andrew Tate's Bets
- Tate's 25x leveraged long bet on Ethereum yielded a 138% profit as ETH rose 7% to $2,700.
- He also placed a $100 million long bet on Bitcoin, which has appreciated over 4%, trading above $109K.
- Tate deleted tweets regarding his leveraged bets on June 8 and 9.
Market Activity
- HYPE open interest increased by 12% to $1.68 billion, indicating bullish sentiment.
- Daily trading volume surged by 147% to $373 million.
Exchange Insights
- Binance.US teased HYPE token listing with promotional content.
- Hyperliquid reported $248 billion in perpetual trading volume in May 2025, an 843% increase year-over-year.
- A whale bought 259,367 HYPE tokens for $9.976 million, averaging $38.46 per token, realizing over $10 million in lifetime profits.