Whale Buys 108501 HYPE On HyperLiquid as Momentum Signals Potential January Rebound Ahead

 A whale increases HYPE holdings on HyperLiquid by purchasing 108,501 tokens and keeping 10,030 staked for rewards.

A whale has made a major investment in HYPE tokens on the HyperLiquid platform.

The investor deposited $3 million in USDC and used most of it to acquire a large number of HYPE tokens. The activity comes amid consolidation in the HYPE/USDT market. 

Market analysts noted the investment as the whale also holds staked HYPE tokens, signaling ongoing participation in the ecosystem.

This move has attracted attention across social media and crypto monitoring platforms.

Whale Activity on HyperLiquid

Onchain Lens reported that a whale deposited $3 million in USDC into HyperLiquid. Out of this, the whale spent $2.78 million to purchase 108,501 HYPE tokens.

The average price of purchase was $25.63 per token. 

In addition to the purchase, the whale holds 10,030 HYPE tokens in staking on the platform.

This shows the investor is keeping both liquid and staked positions active in HyperLiquid.

The investment reflects direct buying activity rather than small-scale accumulation. Observers noted the whale’s stake alongside the purchase, indicating ongoing engagement.

The purchase was executed on December 30, marking the transaction as recent and traceable on the blockchain.

HyperLiquid, a platform for trading and staking HYPE tokens, now holds a larger concentration of tokens with this transaction.

Market Reactions and Trends

Crypto analyst Johnny suggested that momentum could shift back to HYPE in January. He mentioned the effect of a light airdrop to the original perpetual decentralized exchange.

This follows a brief sell-off caused by team unlocks, which reduced token prices temporarily. The analyst views reclaiming key price levels as a positive development in the short term.

Traders are watching the HYPE/USDT chart closely for signs of recovery. Recent price activity shows consolidation between $24.7 and $26.2.

Minor resistance appears around $26.25, and the next stronger resistance is near $27.15.

The market has been range-bound after a previous drop from highs above $37. Investors monitor these levels to gauge potential breakout points.

Related Reading: This Hyperliquid Whale Holds a $676M ETH, SOL, BTC Long and Is Deep in the Red

HYPE Token Distribution and Staking

The whale’s purchase increased the number of HYPE tokens in circulation on the exchange.

Staked tokens, like the 10,030 HYPE held by this investor, remain locked for rewards or governance purposes.

This combination of liquid and staked tokens shows diversified holding strategies. Observers note that staking activity can affect available supply and market liquidity.

Staked tokens are not immediately available for trading. The whale’s choice to keep some tokens staked reflects a long-term engagement approach.

Platforms like HyperLiquid provide staking options to encourage users to hold tokens. Staking rewards often motivate investors to maintain positions over extended periods.

HyperLiquid maintains a strong market position with $4.147B in TVL and a $6.237B market cap.

The platform shows $726.88M in annualized revenue, mainly flowing to token holders, supported by $164.7B in 30-day perpetual trading volume, indicating high activity and healthy leverage within its derivatives ecosystem.

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