Arthur Hayes-Linked Wallet Adds HYPE as Hyperliquid Expands US Policy Push

Key Insights:

• Hyperliquid price focus came back after Arthur Hayes-linked wallets added more HYPE.
• Whale bias still appears cautious, leaving breakouts vulnerable to rejection.
• Hyperliquid’s DC policy center brings a longer-term storyline for market access.

HYPE price is gaining a new spotlight after fresh on-chain activity linked to Arthur Hayes. At the same time, Hyperliquid is increasing its policy footprint in Washington. The combination of accumulation and institutional positioning is changing sentiment.

Arthur Hayes-Linked Accumulation Re-ignites HYPE Price Speculation

On-chain data from Arkham flagged a cluster of wallets belonging to Arthur Hayes, adding another $1 million worth of HYPE. The address has reportedly been sitting for more than a year. That steady pattern is in contrast to short-term speculative spikes.

The wallet now holds a multi-million HYPE position. Importantly, inflows are not reactive but appear gradual. Traders often mistake that sort of accumulation for conviction-driven positioning.

HYPE price has been range-bound even with the buys. However, sustained accumulation may tighten supply over time. If the liquidity on the offer side decreases, even small demand can cause sharper up moves.

Still, accumulation alone is not a guarantee of a breakout. Broader positioning and derivative flows have to match. Therefore, investors are keeping a good eye on whale cohorts.

Whale Positioning Discloses Caution Under the Surface

While Hayes-linked wallets are adding exposure, broader whale positioning paints a more nuanced picture. Real-time distribution metrics show that the largest size categories are slightly bearish. That divergence tends to cause tension in HYPE price structure.

Notably, a widely circulated post by CW pointed out that Hyperliquid whales are still cautious. According to the data, the largest wallets hold more short exposure than long exposure. When such players get decisively bullish, momentum often picks up.

Mid-tier cohorts, however, seem to be more constructive. Relatively balanced or slightly positive bias is exhibited by smaller groups of whales and dolphins. That split indicates uncertainty rather than outright pessimism.

This is a dynamic thing because Hyperliquid is very derivatives-driven. Perpetual positioning can have a fast impact on the spot flows. If large accounts turn net long, HYPE price could be fast-moving.

Until then, the token is still in consolidation. Accumulation by a notable person helps to prove the story, but structural confirmation is yet to come.

Ecosystem Growth and Market Share Add Structural Support

Beyond wallet flows, Hyperliquid’s ecosystem is evolving. The platform has promoted itself as a high-speed perpetual futures venue. It picked up steam as traders swung into commodities and volatile assets on the way down.

Total value locked grew substantially through 2025, but cooled down with other market conditions. HYPE price followed the same arc, rising along with the action and falling back during the phases of deleveraging.

Commentary from Blazey described Hyperliquid as creating a robust financial infrastructure layer. He focused on tokenomics, buybacks, and ongoing protocol revenue. Such factors can be considered to give medium-term support during consolidation.

At the same time, Arkham flagged potential accumulation patterns outside of Hayes-linked addresses. While not definitive, the clustering indicates selective interest at current levels.

Policy Expansion in Washington Changes the Narrative

Meanwhile, Hyperliquid recently opened the Hyperliquid Policy Center in Washington DC. The initiative had Jake Chervinsky as its founder and CEO. The move represents a proactive approach to decentralized finance regulation.

The center aims to advocate for a clear regulatory path for DeFi in the United States. It will focus on perpetual derivatives and blockchain-based financial infrastructure. Those priorities are directly related to Hyperliquid’s core business model.

The Hyper Foundation is planning on covering the cost of 1 million HYPE tokens in an effort to fund the effort. That allocation links the value of tokens to long-term policy engagement. Institutional clarity can help to gradually reduce perceived risk premiums.

Hyperliquid co-founder and CEO Jeff Yan said the current period is critical in determining how regulation will play out. Congress is fighting over how digital assets are regulated by market regulators. Stablecoin provisions are a sticking point.

A better regulatory environment may increase institutional participation in the derivatives market. Increased access and clarity in compliance may increase liquidity in the long term.

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