Hyperliquid's native token HYPE surged to a new all-time high of $46.32, marking an 8% 24-hour increase as whale activity and institutional support intensified. Five linked wallets deposited $22 million USDC to Hyperliquid, with one entity purchasing 99,931.55 HYPE for $4.33 million at $43.30 per token. Three additional wallets hold $13.5 million for imminent purchases.
The Hyperliquid Assistance Fund amplified momentum by accumulating 26 million HYPE over seven months using $400 million USDC, generating $722 million in profits. It recently executed a $2.64 million buyback and maintains weekly purchases of 350,000 HYPE ahead of a 9.92 million token unlock in 141 days.
Bybit listed HYPE for spot trading, opening deposits at 3:00 AM UTC on July 11, with trading commencing at 9:00 AM UTC. Concurrently, Grayscale added HYPE to its Q3 2025 assets-under-consideration list, validating institutional interest. Trading volume spiked 60% to $421.8 million.
Technically, HYPE exhibits a falling wedge breakout with MACD indicating bullish momentum. Resistance sits at the ATH ($46.32), while $40 serves as critical support. An ascending triangle pattern suggests a potential rally toward $50 if sustained above $42, though failure risks a correction to $28-$30.
Fundamentally, Hyperliquid dominates 60% of perpetual trading markets, consistently outperforming Ethereum and Solana in daily revenue. Recent Phantom wallet integration expands accessibility.