- Hyperliquid surged as a trader earned over $38 million from 1.21M tokens bought at $4.3.
- On June 9, 2025, selling 131,137 hyperliquid at $35.84 locked $4.7 million in profits, boosting volatility.
- $HYPE’s circulating supply dropped 24M tokens, with open interest near $1 billion fueling bullish momentum.
A savvy crypto trader has captured the spotlight after amassing over $38 million in profits through a series of sharp $HYPE token trades. According to Lookonchain, wallet address 0xda3c executed eight perpetual trades on $HYPE each one a winner resulting in $1.95 million in realized gains.
Six months ago, this seasoned trader made a bold move by purchasing 1.21 million $HYPE tokens at $4.3 apiece, totaling $5.2 million. That position has now ballooned in value to $42.2 million. The sharp increase demonstrates the exponential return possible when market timing aligns with precise entry points and strong asset momentum.
Hyperliquid Sees Realized Gains, Traders Eye Volatility
On June 9, 2025, the trader sold 131,137 $HYPE for $4.7 million, locking in part of the profits at a market rate of around $35.84 per token. Such sizable exits tend to impact liquidity and short-term sentiment, sending ripples through decentralized exchanges and alerting short-term traders to likely shifts in volatility.
The strategic selling activity coincides with hyperliquid consolidating around its previous all-time high near $35. Despite the apparent stall in price, fundamentals are strengthening: open interest is nearing the $1 billion mark, capital inflow is rising, and the newly launched HyperEVM is attracting attention. A pullback to $30 could precede a bullish continuation.
The $HYPE token is experiencing more than just speculative interest. Revenues have surged over 500%, and over 24 million tokens have exited circulating supply, creating a powerful supply shock. With demand rising and a stronger ecosystem emerging, this is more than a hype-driven rally its structural strength fueling potential future gains.
Notably, analyst NMTD8 emphasizes that the HyperEVM has already become a top EVM chain, providing the infrastructure necessary to scale. Meanwhile, liquidity through Hyperunit is increasing. These combined developments make current HYPE prices appear discounted, especially to value-focused crypto investors seeking growth from utility-backed assets.
Short-Term Dip Before Higher Levels?
PikaCrypto suggests a dip to the $25–$30 support zone could come next and then a run towards $37 and above may be witnessed. Such a reading would raise the dollars of almost $1 billion in open interest and shake out the overleveraged long positions, clear the liquidity pools, and then give the possibility of a strong continuation upward.
According to HYPEconomist, liquidation data reveals, liquidation data was indicative of the massive liquidity emerging around $30, which might be the place to start for HYPE to surge to $50. With fundamentals strong, sentiment bullish, and technicals showing compression, market participants now await the next explosive move—one potentially triggered by the heatmap’s pressure zone.
Read More: HYPERLIQUID (HYPE) Holds Above $35 After Massive Rally, Technicals Signal Bullish Trend