Whale wallets withdrew 107,090 HYPE ($8.7M) while another sold $24.4M. HYPE at $81.60 with 40% weekly gain, RSI near overbought, next resistance $83.
Alpha Score of 61 reflects moderate overall profile with strong momentum, weak value, moderate quality, moderate sentiment.
Hyperliquid's HYPE held above $80 on Thursday, extending its weekly gain to 40%, with whale activity intensifying on both the accumulation and sell sides, according to on-chain data.
The token traded at $81.60, up 1.12% on the day, after touching $83 earlier in the session before pulling back.
Lookonchain reported that a wallet withdrew 79,800 HYPE worth $6.5 million from exchanges after two months of inactivity. The wallet now holds 1.36 million HYPE valued at $95.6 million at an average entry price of $70. Onchain Lens reported another wallet withdrew 27,290 HYPE worth $2.23 million from OKX, raising its total to 74,810 HYPE. Combined, the two wallets accumulated 107,090 HYPE worth $8.7 million.
On the sell side, Lookonchain said a whale sold its entire position of 301,937 HYPE for $24.4 million, booking a $5.3 million profit. Exchange flows reflected the selling. Hyperliquid's spot netflow turned positive at $6.7 million over the past 24 hours, indicating more tokens moved onto exchanges than off them, the report said.
Technical indicators pointed to a strong uptrend, according to the report. The DMI ADX smoothing indicator showed ADX above both D+ and D-, a configuration that typically signals a strong trend. The Relative Strength Index hovered near overbought territory.
The report identified $83 as the next resistance. A breakout above that level would put a new all-time high in play. A close below $70 would break the ascending channel and invalidate the uptrend.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.