Hyperliquid (HYPE) Skyrockets Past $40 as Whale Frenzy Sets New All-Time High!

Updated

June 11, 2025

Gambar Hyperliquid (HYPE) Skyrockets Past $40 as Whale Frenzy Sets New All-Time High!

Jakarta, Pintu News – Hyperliquid (HYPE) has set another new record by surging to an all-time high. In a staggering rally over the past 24 hours (10/6), Hyperliquid’s crypto price rose by 15%.

HYPE managed to break through the important barrier of $40, and reached a new peak high of $41.50. This surge is a dramatic development, just days after experiencing a brief correction at the end of last week when the altcoin faced selling pressure.

In this analysis, here are the reasons behind the altcoin’s price surge and the potential direction of its future movements, citing the CCN page.

Whale Hyperliquid continues to make purchases

CCN’s findings show that Hyperliquid’s price spike to $40 was caused by strong buying pressure from “whales” (large owners of crypto assets).

For example, on Monday, June 9, data from Spot On Chain showed that a whale spent $2.5 million to buy 70,617 HYPE when the price was around $35.40.

On the same day, another large holder also bought 28,500 HYPE worth $1 million. Today, a similar trend continues.

If this buying pressure continues, Hyperliquid prices have the potential to set new record highs in the near future.

Hyperliquid TVL Goes Up

From an on-chain perspective, we track the Total Value Locked (TVL) of Hyperliquid. Based on data from DeFiLlama, as of the time of writing, Hyperliquid’s TVL has risen to a new record of $1.69 billion.

TVL reflects the total value of assets locked or staked by users in DeFi protocol smart contracts. Hyperliquid’s TVL increase to $1.69 billion shows that more and more users are entrusting their assets to the platform.

As more assets are locked in Hyperliquid, the demand for the HYPE cryptocurrency is likely to increase. If this trend continues, the price of the crypto could approach the $50 mark.

HYPE Price Analysis: Not Too Hot Yet

HYPE price is currently trading within an ascending triangle pattern on the daily chart. As seen, the altcoin is registering higher lows with a flat resistance level around $40.

In addition, the Exponential Moving Average (EMA) indicator again showed a bullish signal through a bullish crossover, when the EMA 12 (blue line) surpassed the EMA 26 (orange line).

The Moving Average Convergence Divergence (MACD) indicator also supports this move. As of now, the MACD reading is in the positive zone, which indicates that the upward momentum is still strong.

If this trend continues and support at $32.61 is maintained, then HYPE prices have the potential to rise towards the $50 range.

However, if selling pressure increases and whales start taking profits, this prediction may fail to materialize.

In that scenario, Hyperliquid’s price could drop to $26.89.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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