Crypto whale has invested $4.42 million in HYPE, the native token of the Hyperliquid trading platform. The whale deposited $4.33 million in USDC and acquired 130,715 HYPE tokens at $1.80 each, according to blockchain analytics firm Onchain Lens.
Hyperliquid, known for its zero gas fees and up to 50x leverage, has gained momentum for offering a fully on-chain order book, attracting both institutional and retail traders. HYPE is currently the No. 14 ranked token with a market cap of roughly $6.5 billion, according to CoinGecko, and has seen a 30.1% price increase over the past week — outpacing the broader market’s 6.8% gain.
Trading volume for HYPE surged by 51.8% in 24 hours to nearly $491 million. Most trading activity is concentrated on centralized exchanges like KuCoin, Gate.io, and Bitget. KuCoin’s HYPE/USDT pair alone saw $38.7 million in daily volume.
The investor also holds a 2x leveraged long position in Worldcoin’s WLD token, reportedly earning a floating profit of $200,000. Worldcoin, co-founded by Sam Altman, aims to build a global financial and identity network and remains under scrutiny for its iris-scanning user verification methods.
According to OneSafe, a crypto research firm, large investors often diversify across DeFi assets to manage volatility and optimize gains. Hyperliquid’s technical infrastructure, developed by the Hyper Foundation, supports advanced trading strategies with no gas fees, contributing to its rising popularity.
The whale’s bet is not the first significant HYPE position reported. On May 23, another investor kno was revealed to have a 3x leveraged long worth $13.41 million in floating profits.
Simultaneously, a separate trader opened a 15x short position on Bitcoin using the Hyperliquid platform, underscoring its growing role in high-risk crypto trading.
While the whale’s investment signals confidence in Hyperliquid, analysts caution that such moves can introduce volatility. Tools like Whale Alert can help retail investors monitor large trades and adjust strategies accordingly.
As phishing scams grow more elaborate and crypto platforms attract increasing attention, the industry faces a dual challenge: reinforcing security while scaling infrastructure to support high-stakes trading.
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