Ethereum News Today: Whales and Hayes Bet Big: HYPE Token Poised for 126x Surge

A whale recently purchased 169,259 HYPE tokens at an average price of $47.6, signaling significant accumulation activity in the token market [1]. This move aligns with a broader trend of institutional and large investor activity in the Hyperliquid ecosystem, where the HYPE token is gaining traction. The purchase was observed alongside other whale-level transactions involving Ethereum and Bitcoin, with traders and analysts tracking the movements of large accounts as a potential indicator of market direction [2].

Arthur Hayes, co-founder of BitMEX, has been a vocal advocate for the HYPE token, forecasting that its value could increase by 126 times within three years. This bold prediction is based on the anticipated growth of stablecoin usage and the potential for Hyperliquid to capture 26.4% of the $10 trillion stablecoin market by 2028. Hayes also disclosed his personal acquisition of 58,631 HYPE tokens, reinforcing his confidence in the token’s long-term prospects [1].

The HYPE token is currently performing well against broader market trends. Despite a period of weakness in most major altcoins, HYPE has held firm above the $45 support level and even posted a 4% gain in the 24 hours following Hayes’ prediction. From a technical perspective, HYPE has shown relative strength compared to Bitcoin and Ethereum, a pattern often associated with quiet accumulation and potential breakout setups. Analysts have noted that HYPE’s Supply Weighted P/E (SWPE) ratio has dropped to a multi-month low, while its revenues continue to climb, suggesting a growing disconnect between fundamentals and valuation [2].

Hyperliquid itself has seen a surge in activity, with open positions reaching 198,397 and open interest exceeding $15 billion. The platform’s dominance in decentralized perpetual futures trading has increased to over 75%, with daily transaction volumes reaching up to $30 billion. These figures highlight the growing adoption and utility of the platform, which supports the argument that HYPE is positioned for continued growth [1].

Recent whale activity also includes a large Ethereum purchase and staking event, where a single whale acquired $2.55 billion in ETH and staked the entire amount. This move suggests confidence in Ethereum’s long-term value and the potential for yield generation through staking. It also reflects the broader trend of capital rotation, with investors shifting from Bitcoin to Ethereum and altcoins such as HYPE as part of a diversified strategy [5].

Analysts suggest that the market dynamics favoring HYPE are likely to persist in 2025, with key technical and fundamental indicators pointing toward further upside potential. While short-term volatility and pullbacks are expected, the overall trend remains constructive. HYPE’s ability to maintain higher lows despite market corrections suggests that institutional buyers and long-term holders are maintaining a bullish outlook [2].

Source:

[1] Arthur Hayes Predicts Hyperliquid's HYPE Token Could ... (https://cryptonews.com.au/news/arthur-hayes-predicts-hyperliquids-hype-token-could-soar-126x-in-three-years-130547/)

[2] Hyperliquid (HYPE) Price Prediction: Strong Fundamentals ... (https://bravenewcoin.com/insights/hyperliquid-hype-price-prediction-strong-fundamentals-signal-push-towards-55-breakout-zone)

[3] $11B Bitcoin Whale closes $450M ETH long, scoops up ... (https://cointelegraph.com/news/11b-bitcoin-whale-closes-450m-eth-long-108m-ether)

[4] Data: A certain whale deposited 4.26 million dollars into ... (https://www.chaincatcher.com/en/article/2200360)

[5] Whale Purchases $2.55 Billion in ETH and Stakes Entire ... (https://www.kucoin.com/news/flash/whale-purchases-2-55-billion-in-eth-and-stakes-entire-amount-via-hyperunit)

[6] A whale opened a high-leverage short position of ... (https://www.panewslab.com/en/articles/860521b0-e050-4178-92db-19e1373fbaaa)