Hyperliquid breaks ATH at $46.32 – Can HYPE sustain its run?
2025-07-11 14:18:32
Main Idea
Hyperliquid (HYPE) reached a new all-time high (ATH) of $46.32, driven by whale activity and the Hyperliquid Assistance Fund's buybacks, with potential for further gains if it sustains above key support levels.
Key Points
1. Hyperliquid (HYPE) surged 8% in 24 hours, hitting a new ATH of $46.32, with trading volume up 60%.
2. Five wallets linked to a single entity transferred 22.5 million USDC to Hyperliquid, with significant buy orders placed.
3. The Hyperliquid Assistance Fund accumulated 26 million HYPE via 400 million USDC, generating over $722 in profits and buying back 350K HYPE weekly.
4. A wedge breakout pattern suggests potential further price increases if HYPE stays above $40, but a reversal below could indicate a retracement.
5. HYPE's future prospects may improve with its listing on Bybit, a Tier 1 exchange, potentially attracting more liquidity.
Description
Hyperliquid whales and Assistance Fund continue accumulation despite price trading at the peak.
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