HYPE hits new ATH as James Wynn shifts strategy
HYPE surges past $44; whales drive growth
Hyperliquid's native token, HYPE, has reached a new all-time high, surpassing $44, driven by significant whale activity and increased trading volumes.
The decentralized exchange (DEX) has also seen a surge in its total value locked (TVL), indicating growing investor confidence, Сryptopolitan reported.
Key takeaways
- HYPE Price Surge: The HYPE token's price has climbed above $44, marking a significant increase from its previous levels.
- Whale Activity: Large investors, or "whales," have been accumulating HYPE tokens, contributing to the price surge.econotimes.com
- Increased TVL: Hyperliquid's TVL has risen, reflecting increased user engagement and confidence in the platform.
Whale accumulation drives HYPE's price increase
HYPE continues to attract whales on Hyperliquid and other exchanges. Open interest in HYPE exceeds $1.89 billion.
The recent surge in HYPE's price is largely attributed to substantial purchases by large investors. On-chain data indicates that these whales have been actively buying HYPE tokens, signaling strong confidence in the token's potential.
HYPE surged on Monday, reaching new records above $44.70, with an 11% overnight gain, and is now trading around $44.24.
HYPE price dynamics (June 2025). Source: TradingView
Interestingly, Hyperliquid's most famous trader James Wynn has recently abandoned his confidence in HYPE, remaining instead with one minimum long on BTC with 40X leverage. Wynn does not hold any HYPE tokens at this time.He also stated that he "checks all chains. Especially ETH."
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Hyperliquid's growing user engagement
Alongside the price increase, Hyperliquid has experienced a rise in its total value locked. This metric reflects the total amount of assets held within the platform's smart contracts, indicating heightened user activity and trust in the platform's offerings.
The combination of whale accumulation and increased user engagement has propelled HYPE to new heights. As Hyperliquid continues to grow and attract attention in the decentralized finance space, the HYPE token's performance will be closely watched by investors and analysts alike.
As a reminder, we previously wrote that James Wynn denies rumors about $2 million loss.
