HYPE hits new ATH in 12% climb as whales bet big

Hyperliquid has surged to a new all-time high closing at over $42, riding a wave of renewed market optimism, increased whale activity, and bullish investor sentiment. On June 11, 2025, HYPE ( HYPE ) jumped by over 8%, pushing its price to a new record of $42.07. The rally extended its gains from the day before, marking a sharp reversal from last week’s dip that brought the token close to the $30 level. The token’s new ATH record caps weeks of growing investor confidence, fueled by positive momentum, fresh exchange listings, and speculation of further upside potential. Trading volume also surged to over $500 million in the last 24 hours, with HYPE’s market cap now stands at $14 billion. HYPE sets new all-time high, June 10, 2025. | Source | crypto.news The uptick in HYPE’s price comes amid a broader crypto market rebound, which has seen various assets record fresh gains, However, even fueling the growth further is increased whale activity and an aggressive accumulation by large position holders. Whales go all in on Hyperliquid (HYPE) According to on-chain analytics platform Spot On Chain, one wallet recently scooped up 259,367 HYPE tokens, worth nearly $10 million at the time of purchase. The purchase makes the latest addition to the whale’s position, which has realized over 10 million in all-time profit trading the token. You might also like: Zhao dark pool DEX could sink HyperLiquid, says top trader Several other large-scale buys have been recorded as well. Three notable ones were purchases of 70,617.6 $HYPE at an average price of $35.40 by one wallet, worth approximately $2.5 million. Another transaction of similar weight was 28,500 $HYPE at $35.09 each, worth $1 million, and 57,372 $HYPE at an average cost of $24.95, valued at $1.45 million. $HYPE continues to attract major purchases as it nears a new ATH! A whale spent $9.976M in $USDC to buy 259,367 $HYPE at an average price of $38.46 in the past 2 hours. This whale has realized over $10M in all-time profit on #Hyperliquid . Follow @spotonchain and monitor the… https://t.co/QAr4rIleqI pic.twitter.com/CA0o2FhtcK — Spot On Chain (@spotonchain) June 10, 2025 Beyond the large-scale purchases and volume, HYPE’s broader ecosystem developments are also contributing to the rally. Recent integrations and partnerships have strengthened the Hyperliquid network, attracting more users and reinforcing investor confidence in the project’s value. Although the token has slightly cooled from its intraday peak, currently trading around $41.24 at press time, it remains well above its previous resistance levels, signaling strong momentum. Read more: Hyperliquid surges in May, cumulative volume exceeds $242b

Source: crypto.news