Hyperliquid News Today: HYPE’s Upward Momentum Grows as Both Traders and Institutions Increase Their Positions
- High-profile trader "Buddy" (Huang Licheng) increased HYPE exposure to $2.83M via 10,000 token purchase at 10x leverage, now holding 60,000 HYPE with 110% unrealized gains. - Technical indicators (Aroon Up 71.4%, RSI rebound) and on-chain short liquidations near $41–$42 suggest potential 54% price surge to $61.5 if resistance is breached. - Institutional buyer Hyperliquid Strategies filed SEC $1B fund to accumulate HYPE, planning to stake 12.6M tokens alongside $305M cash to generate rewards. - Market dy
Bloomberg-style news article:
The cryptocurrency sector is buzzing as prominent trader "Buddy," known as Huang Licheng, has notably increased his long position in Hyperliquid's (HYPE) native token, acquiring an additional 10,000 tokens and raising his total stake to $2.83 million. This development, monitored by HyperInsight and highlighted by
On the 4-hour chart, HYPE is hovering near the top edge of a descending wedge—a technical pattern that often signals a bullish reversal—according to analysis from
Huang’s recent trading activity mirrors broader market trends. Over the last week, he scaled back his ETH long positions between $4,068 and $4,200, cutting exposure by $1 million but still holding $9.26 million in ETH, as reported by
HYPE’s fundamentals are also being strengthened by Hyperliquid Strategies, a digital asset management firm, which recently submitted an SEC filing to raise $1 billion—partly to accumulate HYPE tokens, as reported by
Technical experts believe HYPE could revisit its September 18 peak of $59.46 if it breaks through resistance at $51.15, FXStreet notes. However, a drop below the 50-day EMA at $43.54 could spark renewed short-term volatility. The RSI at 61 and a bullish MACD crossover support the positive outlook, though a correction remains possible.
Traders are paying close attention to Huang’s moves, given his track record with large, leveraged trades. His principal at the address has climbed from $460,000 on October 23 to $1.92 million, indicating a strategy focused on active risk management rather than aggressive speculation, according to Coinotag. At the same time, Hyperliquid’s ecosystem—supported by both retail and institutional investors—seems set for further growth, with Treasury Department HYPE purchases enhancing on-chain liquidity, CoinDesk reports.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Grokipedia's Bet: The Race Between AI Speed and Human Precision in Pursuit of Truth
- Elon Musk's xAI launched Grokipedia, an AI-driven encyclopedia challenging Wikipedia's dominance with real-time data and automated fact-checking. - The project faced delays over "biased training data" concerns and exhibits right-leaning slants, including downplaying the 2021 Capitol riots. - Unlike Wikipedia's human-edited model, Grokipedia uses AI to manage edits but faces criticism for lacking nuanced moderation and citation standards. - Wikipedia's human-centric model and co-founder Jimmy Wales dismis
Solana News Update: Connecting Traditional Finance and Decentralized Finance: Streamex Collaborates with Chainlink to Enable Transparent Gold Tokenization
- Streamex partners with Chainlink to integrate CCIP, enabling cross-chain GLDY transfers on Base and Solana. - The collaboration adds Proof of Reserve and Price Feeds for real-time gold reserve verification and tamper-proof data. - This enhances institutional trust in GLDY's gold-backed stablecoin through auditable transparency and zero-slippage security. - The integration aligns with growing demand for tokenized commodities, leveraging Chainlink's $100B+ TVL-secured infrastructure.
XRP News Today: Institutional Embrace and Rising Derivatives Interest Propel XRP's Key Growth in 2025
- XRP surged 5.4% to $2.57 amid institutional adoption, regulatory progress, and Ripple's strategic moves, including a $100M ETF milestone and CME derivatives demand. - The XRPR ETF, managed by REX-Osprey, reached $100M AUM with 40% from hedge funds and family offices, signaling growing institutional confidence in XRP's mainstream potential. - CME's XRP futures hit $26.9B in notional volume since May, reflecting strong institutional demand, while Ripple integrated Hidden Road into its new prime brokerage s
Ethereum Latest Update: ETHZilla Offloads $40M in ETH to Reduce Gap Between Stock Price and NAV
- ETHZilla sold $40M in ETH to fund stock buybacks, aiming to reduce its 30% NAV discount by repurchasing 600K shares at $12M. - The move follows a $250M buyback plan leveraging treasury strength, with remaining funds to continue narrowing the NAV gap until normalization. - Competitor BitMine expanded its ETH holdings to 3.24M, while ETHZilla's Satschel partnership targets tokenized real-world assets. - Analysts highlight ETHZilla's high Price/Book ratio (50.97) but note its liquidity-focused strategy alig
Trending news
MoreCrypto prices
More
