Hyperliquid News Today: HYPE's $50 Hurdle: Whale Buys vs. November Unlocks

Hyperliquid's HYPE token is inching closer to the $50 resistance level, buoyed by aggressive whale accumulation, strategic buybacks, and robust derivative market activity. Trading at $49.55 as of late October 2025, the token has demonstrated resilience amid broader market corrections, with open interest surging past $1.9 billion and bullish sentiment intensifying, according to a Coinotag report. This momentum is driven by a combination of large-scale on-chain activity and institutional-grade incentives, positioning HYPE as a focal point in the decentralized exchange (DEX) ecosystem.

Whale-Driven Accumulation and Buybacks

HYPE's price trajectory has been significantly influenced by whale activity, with data from CryptoQuant highlighting substantial inflows of large transactions since mid-October, as noted in the Coinotag report. Spot market whales have capitalized on temporary dips to accumulate tokens, while futures traders have exhibited a strong directional bias, with over 70% of positions favoring longs-a level of bullishness second only to Bitcoin and Ethereum on Hyperliquid, according to a Cryptopolitan article. These dynamics underscore HYPE's utility within the Hyperliquid ecosystem, where staking and holding are incentivized through point farming programs, fostering long-term retention.

Token burns have further accelerated, with Hyperliquid committing to $3 million in daily burns since September, totaling 540,000 annualized units, the Coinotag report adds. This supply reduction strategy has bolstered price stability, though challenges remain ahead of November 29, when linear unlocks are expected to introduce $10 million in daily supply pressure (noted by Cryptopolitan). Analysts note that while these unlocks could test market resilience, the current 31% unlocked supply base-combined with robust DEX activity-suggests HYPE's fundamentals remain intact, according to the Coinotag report.

Technical and Market Dynamics

Despite the bullish narrative, technical indicators hint at potential resistance. The Relative Strength Index (RSI) for HYPE has dipped to 59 on the 4-hour chart, signaling fading momentum and a bearish divergence as the token approaches $50, according to an FXStreet forecast. The key resistance levels at $51.432 and $56.596, tied to prior highs, will need to be absorbed for a sustained breakout. Failure to clear $50 could trigger a retest of the 50% Fibonacci retracement level at $46.351, risking forced liquidations of bullish positions, the FXStreet piece warns.

Hyperliquid's DEX has also seen a rebound in open interest, climbing from $6.6 billion to $9.4 billion in recent weeks, with Bitcoin alone accounting for $3.3 billion in open interest, per the Coinotag report. This broader liquidity resurgence supports HYPE's ecosystem, as the token's role in governance and incentives aligns with the platform's growth trajectory.

Broader Market Context

HYPE's trajectory is part of a larger trend of aggressive token buybacks across the crypto space. Year-to-date, projects have executed over $1.4 billion in buybacks, with HYPE leading the charge at $640 million, according to a CryptoRank analysis. This surge reflects a maturing market where projects prioritize tokenomics-driven value creation, contrasting with earlier speculative cycles. However, critics caution that some buybacks-like MegaETH's recent $450 million token sale-may reflect short-term hype rather than long-term fundamentals, as reported by a BitDegree report.

Conclusion

The HYPE token's push toward $50 illustrates the interplay between whale-driven accumulation, strategic buybacks, and technical dynamics. While the $50 threshold remains a critical psychological level, the token's ecosystem-driven utility and DEX growth provide a strong foundation for long-term holders. Investors should monitor both on-chain metrics and macroeconomic factors, particularly as November unlocks approach, to gauge the sustainability of HYPE's upward momentum.