Elon and Trump stirred the markets in the past 48 hours. Headlines flew. Volatility spiked. We even got stopped out on a Bitcoin long. But this turbulence also opened doors. It’s a good time to scan for new trade ideas. One name stood out: $HYPE. The token behind Hyperliquid just pulled in massive attention—and possibly massive buyers.
Let’s take a closer look at what’s going on with $HYPE.
Whale Wallet Buys $3.98M in $HYPE
A major whale just woke up after two years of silence. Their first move? A $4 million USDC buy of $HYPE. That’s right—no slow dollar-cost averaging. No hedging. Just an aggressive all-in. According to Nansen, this wallet scooped 110,663 tokens for an average of $36 each.
And here’s the kicker: 100% of their capital went to $HYPE. Not ETH. Zero BTC. Not even stablecoin farming. This kind of move suggests strong conviction—maybe even inside knowledge.
Smart money rarely plays around like this without a reason. And the market is watching.
Buy Pressure Grows Below $34
It’s not just one whale. Other wallets are joining the party. A recent chart from Enguin shows tight clustering of buys just under $34. Every dip finds demand. The green dots keep piling up.
Volume is picking up, even as the price stays within range. That’s often a sign of stealth accumulation. The price isn’t flying yet, but it’s coiling. And coiling markets tend to break with force.
If $HYPE continues to find support near $30, and accumulation tightens, the chart could explode upward. The technicals are aligning with the flow.
The Hyperliquid Airdrop Is Heating Up
Why are so many buyers piling in? One reason: the Hyperliquid airdrop. Speculators believe farming this airdrop could be very lucrative, with billions of dollars worth of $HYPE sitting in the airdrop pool. Unlike many airdrops, this one seems to reward multiple actions.
Here are some ways users are positioning:
- Trading large volumes on the DEX.
- Staking $HYPE.
- Providing liquidity on-chain.
- Participating in the ecosystem.
Whales could be trying to secure a bigger slice of the airdrop pie. The more $HYPE you hold—and use—the better your chances.
Delta-Neutral Farming Strategy in Play?
Some savvy whales may not be taking full directional risk. They could be running delta-neutral.
Here’s how that works:
- Buy $HYPE on-chain (to farm the airdrop).
- Stake it for airdrop points.
- Short the same amount on Bybit or another exchange.
This way, they lock in exposure for the airdrop while minimizing price risk. It’s a smart move. If $HYPE drops, their short gains balance the losses. If $HYPE pumps and the airdrop is huge, they still win.
These setups are becoming more common in airdrop-heavy markets.
Bullish Chart Structure Forming
Let’s talk technicals. $HYPE shows strong signs of a bullish continuation. After pushing up hard, price entered a tight consolidation zone.
This is forming a pennant pattern on the daily chart. Pennants are known for leading to breakouts when they form in a trending market.
Here’s what the chart tells us:
- Price has reclaimed the value area low, point of control, and now trades above the value area high.
- The market structure still shows higher highs and higher lows.
- The pennant is compressing toward the apex, suggesting a breakout could be near.
So what’s missing? Just one thing: volume.
Check out our recent trading guide on Bollinger Bands
Breakout Needs Volume Confirmation
Volume matters.
A breakout without volume can be a trap. For the $HYPE rally to continue, we need to see a clear spike in volume as price pushes above pennant resistance.
If that happens, it confirms momentum. It also confirms that buyers are ready to chase new highs.
Until then, the pennant structure will likely hold. But based on current support and strength, it’s only a matter of time.
What Happens Next With $HYPE Price
Based on technicals and wallet activity, here’s what could happen in the coming days:
- If $HYPE breaks above $36 with volume, the bullish trend continues.
- If price holds support at $30-$34, the base remains valid.
- A failure below $30 could delay the breakout, but volume trends still favor bulls.
The big buy from the whale already shows major confidence. Add in smaller wallets and community momentum, and you have a real setup.
HYPE Could Hit New All-Time Highs
We believe $HYPE is forming a healthy base between $30 and $34. This range, if defended, sets the stage for a new all-time high (ATH).
On the 4-hour chart, the trend looks clean. The vertical move cooled off. Now, the token is building a new foundation. This is often how strong coins prepare for their next run.
A confirmed move past $36, backed by volume, could push HYPE into price discovery.
Relative Strength in a Weak Market
While the rest of the market dipped, $HYPE stayed green. That’s a big deal.
In the past 48 hours:
- Solana dropped -7.2%
- Ethereum fell -4.0%
- Bitcoin slipped -3.2%
- $HYPE gained +1.2%
This kind of relative strength often signals future leadership. When the market turns bullish again, $HYPE might be one of the first movers.
Strength during corrections is a bullish tell. It means buyers aren’t leaving. They’re adding on dips.
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Final Thoughts: Is $HYPE the Trade of the Week?
Crypto never sleeps. And neither do whales.
The sudden $3.98M buy, the consistent accumulation below $34, and the strong technical chart all point in one direction—bullish.
If the $30 level holds and the pennant breaks, $HYPE could explode higher. Volume is the key trigger to watch.
And don’t forget the airdrop angle. Whether you’re trading, staking, or going delta-neutral, this could be one of the better setups this cycle.
When hype meets smart money, it often ends in all-time highs.
If you enjoyed this blog, check out our recent look at the $VIRTUAL charts.
As always, don’t forget to claim your bonus below on Bybit. See you next time!
