This article was first published on The Bit Journal. The Hyperliquid price has emerged as one of the strongest performers in the cryptocurrency market over the past month, outperforming many major digital assets. Despite weak sentiment across the sector, HYPE reached a fresh all-time high on June 16, attracting renewed attention from both retail traders and large investors.
Hyperliquid Price Hits Fresh Record High
The Hyperliquid price hit a new high of $76.95, increasing its YTD gains to almost 180%. While many of the key cryptocurrencies failed to keep up the momentum, Hyperliquid has been one of the assets to perform best over the last month.
Many traders have been waiting to see if the Hyperliquid price will be able to keep going up following this sharp surge. Recent on-chain activity shows there’s a lot of confidence, particularly from the large holders.
Whale Accumulation Supports HYPE Rally
The market has seen large investors return after decreasing their exposure earlier this month. According to blockchain data, crypto investor Garrett Jin had bought 71,092 HYPE tokens worth of about $5.06 million.
The other whale purchased that bought in 50,000 HYPE worth around $3.58 million and it is estimated that the whale held nearly 200,000 HYPE worth more than $14 million after the purchase.
There’s also data that suggests Garrett Jin has an outstanding time-weighted average price (TWAP) order, which suggests more purchases in the future within a predetermined range of time. Purchases like this are usually seen as a positive indication that larger investors believe that the Hyperliquid price will continue to rise.
Retail Traders Continue Driving Momentum
The recent rally in HYPE is being propelled by retail investors. Which group has been influencing price action is what the whales-retail delta metric has been suggesting since June 9th, with retail players having the edge.
The indicator was at -0.095 as of the time of writing, indicating that the gains have been driven primarily by smaller investors. In the meantime, whales had been reducing positions prior to their new return to the marketplace.
According to analysts, if more large holders start buying the same thing, the price stability of Hyperliquid might improve as whales tend to hold their assets for longer than the retail traders who would be quick to take profits.
Hyperliquid Price Holds Despite Outflows
Even though the bull market is in full swing, the spot market data reveals extensive selling in the last 10 days. Net flows reported a net sales of approximately $55.5 million, indicating that net sales have surpassed net purchases during the period.
The sell-off coincided with a period where retail investors gained control of the market, and whales decreased their positions. Despite such outflows, the Hyperliquid price has been holding onto its position.
Technical Indicators Point to Further Upside
According to liquidation heatmap data, the Hyperliquid price might still have more room to rally. A significant liquidity level has been detected around the $79 mark, and there are numerous pending orders there that have yet to be executed.
Typically, these liquidity zones have the power to draw price actions, and $79 is a possible near-term target. There are downside clusters below current levels but they are considerably weaker and suggest limited selling pressure versus the liquidity cluster above.
With whale accumulation returning and key resistance levels still within reach, the Hyperliquid price rally may not be over yet. Investors will be looking to see if HYPE can continue its rally and break through the next key price levels.
Conclusion
The price of Hyperliquid is currently at near record-highs and traders are watching carefully for the next move, as well as whale activity and liquidity zones. The ongoing upward trend by large holders and the support level around $79 may make all the difference for HYPE’s continued rally amid heavy selling pressure.
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Summary
- Hyperliquid price hit a record $76.95, up nearly 180% YTD.
- Whales resumed buying, adding over $8.6 million in HYPE.
- Liquidity data suggests a potential move toward $79.
Glossary of Key Terms
Hyperliquid (HYPE): Hyperliquid’s native token.
All-Time High (ATH): Highest price ever reached.
YTD: Performance since the year’s start.
Whale: Large cryptocurrency holder.
On-Chain Data: Blockchain transaction information.
TWAP Order: Gradual buying or selling strategy.
Whales-Retail Delta: Measure of whale vs. retail activity.
Net Flow: Difference between inflows and outflows.
Outflows: Assets leaving exchanges.
Liquidity: Ease of buying or selling.
Frequently Asked Questions about Hyperliquid Price
What is driving the Hyperliquid price rally?
Retail demand and renewed whale buying are fueling gains.
How much has HYPE gained this year?
HYPE is up nearly 180%, hitting $76.95.
Why is whale activity important?
It signals confidence and supports price stability.
What is Hyperliquid’s next target?
Liquidity data points to a move toward $79.
References
Disclaimer
The article is purely informational and it is not a financial, investment, or a trading advice. Cryptocurrencies are extremely risky and volatile. Before investing, the readers are to conduct personal research and seek the advice of a qualified financial expert.
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
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