Hyperliquid’s HYPE token has seen a dramatic 40% surge in net staking flows, pushing total staked tokens to approximately 436 million HYPE. This on-chain activity reduces liquid supply and signals growing long-term conviction among holders, even as the price retests a crucial demand zone.
A notable whale transaction saw 1.49 million HYPE—worth around $88.2 million—staked across eight separate wallets. Blockchain data shows these wallets had held the tokens for roughly nine months before staking, underscoring a long-term investment thesis rather than short-term speculation.
HYPE’s price has returned to the $52–$58 support area, a zone that buyers defended during previous corrections. The 200-day exponential moving average sits near $57.09 inside this band, adding technical weight to the level. A successful defense of $52 could set the stage for a recovery toward the next major resistance at $64, while a breakdown below would weaken the bullish structure and potentially accelerate selling.
