Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid delivered notable weekly gains in late September, while on-chain activity around Hyperliquid added a layer of caution as large holders moved substantial HYPE toward potential sale.
Ethereum climbed 10% and tested resistance at $2,800, although sellers returned to force a pullback. The price action still created a higher high, and analysts view $1,500 as the confirmed bottom for ETH. If $2,800 flips into support, the next targets are $3,000, then $3,300 and $4,000.
XRP closed the week 15% higher after retesting the $1.60 resistance level. Bulls failed to break that key area as sell volume increased, keeping the token in a range between $1.30 and $1.60. Pressure is building under resistance, and a breakout could open the path toward $2.
Cardano jumped 23% after ADA finally broke out and turned $0.23 into support. The move confirms $0.15 as the bottom, with $0.30 and $0.33 as the next major targets. A retest of $0.23 remains possible before further upside.
Binance Coin added 6% as buyers dominated and the price approached $800. The key resistance sits at $900 and support at $690. Following almost eight months of consolidation near $600, BNB is now expected to test $900 and could eventually target a four-digit valuation above $1,000.
Hyperliquid made a new record price of $98 and closed the week 17% higher. HYPE continues to show strength with higher highs, and the $100 milestone is seen as achievable before the end of 2026.
On September 25, Lookonchain reported that wallet 0x6436, linked to Hyperliquid Strategies, bought another 494,200 HYPE worth $45.8 million over a 16-hour period. Over the past month, the wallet has accumulated 5.51 million HYPE worth roughly $476 million, averaging 183,574 HYPE or about $15.86 million per day. Hyperliquid Strategies currently holds approximately 35.1 million HYPE valued near $3.2 billion.
The buying comes as HYPE trades near record levels. HYPE reached an all-time high of $97.99 on September 23 before pulling back to around $91.50 on September 25, a decline of about 6.6%. Trading volume remained elevated at around $1.24 billion, while market capitalization stood near $20.5 billion. The rally followed platform developments including the introduction of manual borrowing of USDC and USDT against HYPE and Bitcoin collateral, with HYPE carrying a 65% loan-to-value ratio and Bitcoin a 50% ratio.
Large holder movements have placed potential supply in focus. Multicoin Capital transferred another 130,331 HYPE worth $12.15 million to Coinbase Prime on September 24, bringing its total transfers to the institutional platform since July 28 to approximately 4.23 million HYPE worth $285 million. A transfer to Coinbase Prime does not confirm a sale, since the platform provides custody and execution services.
Additionally, five large addresses began unstaking a combined 983,600 HYPE worth approximately $90.44 million on September 24. The largest address started unstaking 391,800 HYPE worth nearly $36 million, while another removed 209,600 HYPE worth $19.24 million. Hyperliquid requires a seven-day unstaking period, so the tokens cannot be sold, transferred, or restaked until around October 1. A similar situation developed in late August when a wallet attributed to HyperLabs requested the unstaking of approximately 433,000 HYPE worth $36.14 million.
Buying pressure remains on the other side of the market. Hyperliquid directs 97% of protocol trading fees toward continuous HYPE purchases through its Assistance Fund. By May, the fund had spent more than $1.3 billion acquiring HYPE and held roughly 28.5 million tokens. On-chain data cited by Lookonchain showed that 32,770 HYPE worth approximately $2.65 million was bought and burned during a 24-hour period ending September 12 at an average price of $81.01. Cumulative burns have reached roughly 48.57 million HYPE, equivalent to about 4.86% of the token’s maximum supply.
The combination of sustained buybacks and large holder unstaking leaves HYPE balanced between strong demand and potential supply pressure, with the market watching whether protocol purchases can offset whale selling concerns.
