Whales Bet Big on HYPE. Can the Hyperliquid token give a rally to $50 soon?

There’s real HYPE around HYPE, and this time, it’s not just talk. The native token of Hyperliquid, a rising star in decentralized trading, is drawing whale attention after a massive $25.56 million USDC inflow was spotted on-chain in the past 24 hours.

According to data from Onchain Lens, the transactions were made by a single large wallet, raising eyebrows across the crypto community. The whale deposited $25.56 million USDC into Hyperliquid, with $15.02 million sent directly to the platform’s Vault, and another $10.54 million used to buy 92,174 HYPE tokens, valued at roughly $3.66 million.

In the past 24 hours, a whale deposited $25.56M $USDC into #HyperLiquid, of which:

– $15.02M $USDC was sent to the #HyperLiquid Vault.

– With $10.54M USDC, the whale started buying $HYPE and has already purchased 92,174 $HYPE ($3.66M).

– The whale previously made $14M and the… pic.twitter.com/KXXec4Vir0

— Onchain Lens (@OnchainLens) November 6, 2025

Source: Hyperbot Transaction Page

The Whale Connection

This isn’t just a random big buy. The same trader has reportedly made over $14.3 million in profits through previous Hyperliquid positions, based on on-chain data. The move has reignited speculation that whales expect HYPE to rally toward $50 — the next key psychological barrier.

Market analysts believe the accumulation could signal the start of a wider whale-driven rally. On-chain analysts state the whale has been continually boosting exposure since early November, coinciding with increasing liquidity across decentralized perpetual exchanges.

Why Are Whales Turning to Hyperliquid?

Hyperliquid has quietly grown into one of the most promising DeFi trading ecosystems. Known for its low-latency order book model and perpetual futures market, it’s seen increased traction as traders look for alternatives to centralized exchanges.

The HYPE token, which powers trading incentives and governance on the platform, has benefited directly from this momentum. According to community analytics, the token’s total spot holdings and vault deposits have been climbing steadily, indicating both user and institutional engagement.

Experts point out that whale activity often precedes liquidity expansions. “When large wallets move in with conviction, it’s not just about speculation, it’s about positioning for infrastructure growth,” one DeFi analyst commented.

Traders Eye Technical Levels and Smart Money Flow

Rather than hype alone, traders are now studying HYPE’s chart for clues. After the whale’s major accumulation, on-chain data shows a noticeable rise in wallet activity and trading depth across Hyperliquid pairs. Analysts tracking “smart money” movements say liquidity is consolidating between $37 and $40, forming what looks like a short-term accumulation zone.

Technical traders suggest that if HYPE breaks above $42 with sustained volume, a push toward the $50 level could follow quickly. Beyond that, the token might face resistance near its previous high, around $54, according to data from Hyperbot.

Still, the bigger takeaway isn’t just about price targets. The sudden surge in whale confidence often sets off ripple effects, encouraging smaller investors to follow suit and adding fresh liquidity into the ecosystem. If that pattern continues, HYPE could become one of the most-watched DeFi tokens of the quarter.

Earlier this week, HYPE made headlines for a brief 98% price spike caused by a data glitch. You can read our full report on that incident here.

The Bigger Picture

Whale activity like this often sparks renewed confidence in smaller but growing ecosystems. It also reflects a shift in capital flow, from speculative meme coins to performance-based DeFi tokens with active on-chain utility.

For now, the question remains: Is this just a well-timed bet, or the beginning of something bigger? As Hyperliquid continues expanding its trading volumes and HYPE gains deeper liquidity, the odds of a sustained rally may no longer seem far-fetched.

As of writing this article, HYPE is trading at approximately $39.75, with a market cap of around $3.6 million, according to Hyperbot data.

Disclaimer:

This article is for informational purposes only and is based on publicly available on-chain data. It should not be considered financial advice. Cryptocurrency investments are highly volatile, always conduct your own research before making trading decisions.

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