Hyperliquid News Today: "Retail Buys PEPE as Whales Sell: Market Split May Trigger 20% Price Swing"

After a recent market downturn, three significant whale addresses executed large-scale purchases of PEPE, HYPE, and other tokens, signaling potential shifts in market sentiment. On-chain data reveals that Ethereum-based whale addresses holding PEPE increased their holdings by 4.28% over 30 days, with open interest in PEPE futures reaching $645 million as of October 6, 2025 PEPE Outpaces Memecoin Market as Whale …^[1]. Concurrently, a whale wallet, 0xfD7A...Ea8d, deposited $3 million in USDC to Hyperliquid and purchased 130,422 HYPE tokens, while another, 0x3369...ADdF, spent $4.24 million on 186,964 HYPE tokens Whales are buying HYPE, amid Nascent PEPE dumping^[5]. These transactions, alongside others totaling $4.3 million in PEPE acquisitions by wallets 0x7A7D, 0x9212, and 0x7779 via TornadoCash, highlight concentrated buying pressure from institutional actors PEPE Price Reversal in Sight as Whales Buy 689 Billion Tokens^[3].

The PEPE price surged 2.5% in 24 hours, outperforming the CoinDesk Memecoin Index (CDMEME), which rose 2.24% during the same period. Technical analysis indicates a descending triangle pattern, with a potential 20% rally if resistance at $0.00001007 is breached, though a breakdown could trigger a decline to $0.000009 PEPE Price Gains Despite $40M Whale Sell: Will Retail …^[2]. Meanwhile, HYPE's price action shows consolidation near $22, with analysts suggesting a potential move toward its all-time high of $42 if support at $25 is established Whales are buying HYPE, amid Nascent PEPE dumping^[5].

Whale activity in PEPE has been mixed, with large holders offloading 40 million tokens in recent weeks, yet retail adoption grew, increasing PEPE holders from 207,000 to 211,000 in seven days. This divergence underscores a market split between cautious whales and accumulating retail investors PEPE Price Gains Despite $40M Whale Sell: Will Retail …^[2]. Conversely, HYPE attracted substantial capital inflows, with whale 0xfBfC...07Be depositing 430 billion PEPE ($6.39 million) to Binance and shifting focus to Hyperliquid, reflecting strategic reallocation amid volatile memecoin dynamics Whales are buying HYPE, amid Nascent PEPE dumping^[5].

The TD Sequential indicator on PEPE's daily chart generated a buy signal, reinforcing bullish momentum as the token approached its 2025 low of $0.00000525. Analysts like David Reed and Sophie Clark attribute this to whale-driven supply reduction and technical exhaustion patterns PEPE Price Reversal in Sight as Whales Buy 689 Billion Tokens^[3]. For HYPE, increased trading volume and institutional participation, including a $5.72 million deposit by qianbaidu.eth to Hyperliquid, suggest growing confidence in the token's utility and market structure Whale Wallet 'qianbaidu.eth' Acquires $3.94M in HYPE Tokens^[6].

Market observers note that PEPE's rally coincided with broader altcoin season dynamics, as smaller-cap tokens outperformed Bitcoin. The Altcoin Season Index surpassed 70, indicating capital rotation into high-risk, high-reward assets Whale Buys $16M in PEPE, 16% Jump: Can Symmetrical Triangle …^[4]. However, low trading volume in PEPE since February 2025 remains a constraint, with 278 transactions recorded on March 11, 2025, compared to a seven-day peak of 304 trades PEPE Price Reversal in Sight as Whales Buy 689 Billion Tokens^[3].