HYPE Token Price Surge Hits 240% as Whale Stakes $29M Bet

The HYPE token price surge has become one of the most talked-about stories in crypto markets this month, and the numbers explain why. HYPE has climbed 240% from early entry points and is now trading near $85, a sharp recovery from a low of $50. Behind that rally sits a mix of aggressive whale accumulation and a wave of institutional money flowing into Hyperliquid-linked ETFs, according to data reviewed by Bloomberg Intelligence.

Key takeaways

• HYPE token surged 240% from early entry points and now trades near $85, up from a $50 low.
• A single whale bought 343,000 HYPE tokens worth $29 million and staked the entire position.
• Thirty institutional investors, including UBS and Bank of Montreal, hold nearly $75 million in Hyperliquid ETF positions.
• HYPE carries a 3.4% allocation inside the Hashdex Nasdaq Crypto Index US ETF.
• Traders are watching $105 as the next resistance level for the token.

HYPE Token’s Significant Price Surge

HYPE has more than tripled off its recent low, gaining 240% from early entry points and pushing the token toward the $85 mark. That rebound stands out against a broader market backdrop, since it comes after the token bottomed near $50 before staging its climb. For a token tied directly to Hyperliquid, a decentralized exchange known for its perpetual futures trading, this kind of move signals renewed appetite from both retail traders and larger players positioning ahead of what many see as a pivotal stretch for the platform.