BULLISH 📈 : Whales accumulate Hyperliquid’s HYPE as Bitwise ETF filing signals launch soon
Whales are buying Hyperliquid again. ETF momentum builds. HYPE retakes $40.
- Arthur Hayes bought 26,022 HYPE for about $1.1M after a three‑month pause, per Lookonchain’s on-chain post on X.
- Another whale deposited 7.86M USDC on Hyperliquid to buy 200,042 HYPE; “Cooker” bought 50,751 HYPE for $1.99M at $38.5 average, Lookonchain reported.
- HYPE rose over 12% in a week and reclaimed $40 during this accumulation wave, per a price update from NewsBTC.
Hayes set a HYPE target at $150 by August. He cited HIP‑3 markets and record fees as drivers, as covered by Bitcoinist here. Hyperliquid adoption grew as traders accessed commodities like oil on HIP‑3 amid the U.S.–Iran conflict, per Bitcoinist reporting.
Fees stay high. DeFiLlama ranks Hyperliquid among top fee generators across protocols, per its live dashboard on DeFiLlama.
ETF setup advances:
- Bitwise amended its Hyperliquid ETF registration. Ticker BHYP. Management fee 0.67%. Market makers: FalconX, Flowdesk, Nonco, Wintermute, per Bitcoinist coverage.
- Bloomberg’s Eric Balchunas said the filing implies a launch could come soon, as he noted on X.
- 21Shares also filed for a HYPE ETF, signaling the first U.S. HYPE product could arrive, per Bitcoinist report.
- Grayscale filed as well, according to NewsBTC coverage.
Spot price at writing: about $42, up ~2% in 24 hours, per CoinMarketCap.