Hyperliquid targets $50 as whale bets big – What’s next for HYPE?

Key Points

1. Hyperliquid (HYPE) rose 5% in 24 hours, with a major whale adding leveraged long positions on HYPE, PEPE, BTC, and ETH.

2. HYPE's open interest (OI) surged to $14.29 billion, ranking sixth among derivative exchanges, with bullish OI-weighted funding rates.

3. Hyperliquid DEX led in top fees, with HYPE accounting for over 51% of fees among top chains, surpassing Ethereum, Tron, Solana, and BTC.

4. HYPE's price action retested the $41-$42 zone, with a peak at $49.87, nearing the $50 mark, which could signal further rally continuation.

5. Technical analysis suggests HYPE could surpass $50, potentially setting a new all-time high (ATH), but risks remain if momentum fades.