Since recovering from a drop of $38, HyperLiquid has continued to explode, reaching an all-time high of $62.
As of this writing, Hyper Liquid is up 23% on the weekly chart and trading at $57, reflecting strong upward momentum. The record rally in altcoins has led to a surge in whale activity on both the seller and buyer sides.
Super liquid whale moves $36 million $HYPE
Hyper Liquid ($HYPE) is showing a strong uptrend, which caused some whales to jump on the spot market and cash out.
According to Lookonchain, Loracle.hl deposited 616,675 $HYPEworth $36.76 million, invested in Hyperliquid, with 563,3,000 units already sold $HYPE.
So far, there is still 53.33K stored in the wallet $HYPEworth $3.06 million, and Whale may sell as well. When a whale sells its holdings during an uptrend, it suggests taking profits or changing positions.
In the case of Loracle, he seems to have sold his $HYPE Spot holdings were used to fund short positions and avoid liquidation due to price spikes. There are still 1.8 million whales on this side of the market. $HYPE There is a shortfall of $103.7 million, and an unrealized loss of $22 million.
a16z whale accumulates 261,250 $HYPE for $15.2 million
Some whales have been sold, but others continue to accumulate $HYPE Even though the market value is increasing.
Lookonchain reported that whales associated with a16z continued to accumulate, purchasing an additional 261,250. $HYPE Worth $15.2 million.
After recent purchases, total whale holdings have increased to more than 1.3 million whales $HYPE Worth $148.5 million. and $HYPE Whale, which trades for about $57, currently has $33 million in unrealized gains.
The continued accumulation of whales shows strong confidence in the market and further profits are expected.
Furthermore, exchange activities also responded to this accumulation. In fact, in the past week, outflows have exceeded inflows.
For example, on May 22, spot outflows increased to $215 million, while inflows decreased to $197.9 million. As a result, Spot Netflow fell 1609% to -$17.12 million.
Such a significant decline in net flows is due to $HYPE It remains extremely high. Traditionally, increased currency outflows reduce supply, increase scarcity, and create stronger upward momentum.
can $HYPEWill the upward momentum be maintained?
Hyperliquid is showing strong upward momentum amid sustained market demand, especially from whales. Therefore, bullish pressure on the market continues to increase.
Looking at the ADX and DI momentum indicators, the positive index continued to rise and reached 45. At the same time, ADX rose to 26, indicating the strength of the trend.
Similarly, the Stochastic Momentum Index (SMI) also rose to 75, further supporting the momentum. Taken together, these indicators indicate the likelihood that a trend will continue.
Therefore, if current market conditions hold, Hyperliquid will recoup $60 and aim for another ATH. However, when profit takers jump in and increase spending, $HYPE It will set you back $47.
Final summary
- Super Liquid Whale Loracle Sales 563,345 $HYPEworth $33.59 million; $103.8 million shortfall.
- Whales associated with a16z continue to accumulate; 261,250 $HYPE Worth $15.2 million, increasing total holdings to $1.3 million $HYPE.
