A prominent whale is accumulating HyperLiquid ($HYPE) as he has spent 8.93M $USDC, out of a total of 15.7M, on $HYPE in the past 2 days. Simultaneously, he also placed multiple limit orders between $12 and $14.63 to automatically get more $HYPE tokens with the remaining amount. This is likely because the recent price dip is attracting buyers as HYPE price is bearish since the last 22 days. The whale’s buying has been uncovered by Lookonchain via a tweet on X.
$HYPE Price Dips, Down 38% in 30 Days
The market capitalization of $HYPE is down -5.09% today on March 7, 2024. The market price of $HYPE was $23.9M on February 10, 2025. After facing a downtime, on February 14, 2025, it once rose to $28.16M. But after that, $HYPE started facing a steep decline. The current market price is $15.42M. This taxing dip has urged the whale to accumulate $HYPE in bulk, as this investment will prove beneficial in the long run.
As per data taken from CoinMarketCap, the price of $HYPE has reduced to half ($28 to $14) in a mere 22 days. This volatility has ignited fear in the retail clients however the whales are taking it as an opportunity to buy the dip.
Crypto Market Faces Bearish Momentum Since February
The crypto market has been facing a severe dip since the beginning of February 2025 resulting in heightened volatility and increased whale activity. Whales are leveraging this time for good and investing in the strategic accumulation of low-priced coins. A total shift in the market dynamic can be anticipated in the future due to these massive activities.
Thus to conclude the Lookonchain data, the market dip of $HYPE has captured whales’ interest. This particular whale is accumulating $HYPE in large amount, spending 8.93M on buying and reserving 6.49M on limit orders between $12 and $14.63.
