Hyperliquid Crypto: HYPE Price Eyes $50 After $2.4M Whale Purchase

Key Insights

• Whales eye $50 for HYPE price if it stays above $40. Hence, a newly created wallet deposited 5M USDC into the Hyperliquid exchange and used $2.39 million to buy 59,239 HYPE.
• Hyperliquid had more volume today than the next four Perp DEXs combined.
• Hyperliquid’s market share jumped from 3.5% to around 7% of total trading volume on exchanges within a year.

The recent price action of Hyperliquid (HYPE) has been bullish since the start of the year, and it’s among cryptos that have maintained this outlook. With that in mind, the decentralized exchange (DEX) token is consistently being accumulated by whales over its peers like AsterDEX (ASTER), Lighter (LIT) and edgeX (EDGE).

Hyperliquid crypto gained over 7% in the past 24 hours, with the price climbing past $40 to $42. This move was in line with the week’s intensive buying. Will these whales manage to push the price back above $50 as markets ease war tensions?

Whales Intensify Hyperliquid Crypto Accumulation

Whales continued to purchase Hyperliquid crypto tokens, which is fueling the uptrend. Two days ago, a whale bought over 200K HYPE at $39.2 after depositing $7.86 million into the DEX platform. At the same time, another had acquired 50.75K HYPE at an average price of $38.5, worth about $2 million.

Another fresh wallet has joined this whale-driven market by depositing $5 million USDC into Hyperliquid via Circle CCTP. The whale used about $2.4 million to buy more than 59K HYPE tokens at an average price of $40. With about $2.61 million USDC yet to be swapped, it indicated the whale was going long strategically.

Splitting their position to accumulate HYPE tokens in bits showed the whale was conversant with price fluctuations. Price fluctuations can sometimes offer better discounted prices. As they eye higher prices, can these bulls overpower bears and surpass the block at $45?

Is HYPE Price Headed Toward $50?

On the daily chart, HYPE’s price traded above every descending trendline that had confined its movement. The daily chart showed that the altcoin recently broke above $1 but was still struggling to break out of the $40-$45 range.

However, with the ongoing buying activity from whales and retail, HYPE price might spring up. About 67% of retail traders were convinced of further appreciation. The hardest resistance was at $45, the top of the small correction that began in mid-March 2026.

The downside part of things was Hyperliquid crypto losing support at $40 which would position the altcoin toward $35 or the higher low at the $30-$31 zone. The altcoin remained bullish unless the demand zone around $25 was breached.

From the market outlook, HYPE price appeared to be heading toward $50 though it could retrace to gather liquidity and capital. Usually, markets move in cycles. Hence, the need to be wary of the corrections that come during healthy trends.

Hyperliquid DEX Market Share Rises

In addition to whales and retail being bullish, the market share of Hyperliquid DEX in perpetual trading was increasing. The volume traded on the DEX spiked from 3.5% to 7%, doubling in a year. This indicated increased activity and revenue, which boosted its buyback program.

Over the past 24 hours, Hyperliquid’s Open Interest (OI) was at $7.575 billion, more than 3x that of second-placed Aster with $1.926 billion.

The same scenario played out when gauging trading volume, with HYPE recording $8.385 billion compared to $2.033 billion for Aster. Lighter’s and edgeX’s OI were below $1 billion, but their volumes exceeded $1.8 billion each.

Altogether, the on-chain signals pointed to a bullish outlook for HYPE’s price, though the timelines for hitting $50 again were unclear. Therefore, traders could dollar-cost average HYPE crypto as it approaches $50, unless it breaks below $25.

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