Track market-moving stories before they get noisy

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Hyperliquid (HYPE) price is trading in the red on Monday, stalling after 10% gains last week. HYPE-focused Exchange Traded Funds (ETFs) recorded their fifth consecutive weekly inflows, projecting steady institutional demand. The technical outlook for HYPE warns of potential downside risk as bullish momentum stretches thin.

UBS, Bank of Montreal, Jane Street, and other large funds hold HYPEJames Seyffart, a Bloomberg ETF analyst, shared in an X post on Friday that leading financial institutions hold HYPE, such as Wealth High Governance, OLP Capital, UBS, Bank of Montreal, Jane Street, among others. Exposure to the Decentralized Exchange’s (DEX) native token reflects strong demand from large institutional investors as US President Donald Trump plans to bring Hyperliquid onshore.

SoSoValue data shows that HYPE ETFs recorded $12.27 million in inflows last week, down from $56.86 million in the previous week. Still, the ETF inflows remain positive for the fifth consecutive week, reaffirming strong institutional demand.

Technical outlook: Could HYPE hit $100 before the rally fades?Hyperliquid holds above $86 at press time on Monday, maintaining a clear bullish bias after advancing 10% last week. The DEX token remains well above the 50-day Exponential Moving Average (EMA) at $71.55, while the 100-day EMA at $65.05 trails far below spot, reinforcing an established uptrend, and the 200-day EMA near $56.64 underpins the broader bullish structure.

Fibonacci retracements from the latest swing from $76.93 to $51.20 sit comfortably beneath current prices, suggesting a deep cushion on pullbacks. HYPE struggles to advance above the 127.2% Fibonacci extension level at $85.94, indicating strong headwinds as investors shift toward profit-taking.

Momentum-wise, the Relative Strength Index (RSI) around 64 on the daily chart stays in bullish territory, easing from the overbought zone. At the same time, the Moving Average Convergence Divergence (MACD) slips marginally below its signal line, reaffirming a brief loss of upside momentum.

From a technical perspective, HYPE forms a near-term upward-sloping channel pattern, with the lower boundary near $82.40. A confirmed breakout above this level could extend its correction toward the $76.93 Fibonacci anchor. Deeper pullbacks could test the 50-day EMA at $71.55, reinforced by the 78.6% Fibonacci retracement at $70.51.

HYPE/USD daily price chart.Looking up, a decisive close above the upward-sloping trendline near $89.61 could open the path toward the 161.8% extension level at $98.95, followed by the $100 psychological threshold.

(The technical analysis of this story was written with the help of an AI tool. Know more.)

Every HYPE unlock triggers the same panic cycle. Every time, the sellers never show up. The September batch will probably be no different, and the data from previous unlocks explains exactly why.

Summary

Hyperliquid released approximately 9.92 million HYPE tokens on September 6, valued at roughly $820 million at the prevailing market price of $82.60 per token. Historical data from HYPE unlocks shows that the vast majority of newly unlocked tokens are not sold. After the March 2026 unlock, on-chain data indicated that only about 1.75% of unlocked supply reached exchanges within the first 30 days. HYPE has gained more than 50% since its mid-August breakout from the $55 to $60 range, reaching an all-time high of $88.06, with price holding above $80 through multiple unlock events in recent months. The Assistance Fund has burned 48.42 million HYPE through automated buybacks funded by 99% of eligible trading fees, permanently removing 4.84% of maximum supply. Hyperliquid Strategies, the Nasdaq-listed treasury company, held 29.3 million HYPE worth $1.9 billion as of June 30 and expanded its equity facility to $2.5 billion for potential additional purchases. Crypto Twitter lit up on September 6. The headline was irresistible: Hyperliquid just unlocked $820 million worth of HYPE tokens, adding nearly 10 million tokens to the available supply in a single batch. On paper, that sounds like a wall of sell pressure about to crush the price. Traders who have been burned by unlock dumps on other tokens immediately started hedging, opening short positions, and posting dire warnings about what comes next.

They are almost certainly wrong. And the reason they are wrong tells you something important about how HYPE actually works, how token unlocks function in practice, and why the market keeps getting smarter about separating real supply pressure from headline noise.

The $820 million number is technically correct and practically meaningless The September 6 unlock released 9.92 million HYPE tokens from their vesting contracts. At the time, HYPE was trading around $82.60, which puts the theoretical market value of those tokens at roughly $820 million. That is the number that landed in every headline and every panicked tweet.

But theoretical value and actual sell pressure are wildly different things.

An unlock does not mean that 9.92 million tokens hit the open market. It means those tokens become claimable by their holders. The people receiving vested HYPE are not random speculators looking to dump at the first opportunity. They are core contributors, early team members, and ecosystem participants who have been building on Hyperliquid for years. Most of them have strong reasons to hold.

Think about it from their perspective. They received HYPE allocations when the token was worth single digits. They have watched it climb to $82. They are sitting on life-changing gains. But they also know the protocol is growing faster than almost anything else in DeFi. Hyperliquid processes more than $4 billion in daily trading volume. The Assistance Fund is burning tokens worth $1 million per day. A Nasdaq-listed company is spending hundreds of millions to accumulate their token. Why would they sell now?

The data says they do not.

What actually happened after previous unlocks The best predictor of unlock behavior is unlock behavior. And HYPE has given us enough data points to see a clear pattern.

After the March 2026 unlock, which released a comparable batch of tokens, blockchain analysts tracked the movement of newly unlocked HYPE for 30 days. According to on-chain data aggregated by Arkham Intelligence and independent researchers, approximately 1.75% of the unlocked tokens moved to exchange deposit addresses within the first month.

Read that number again. 1.75%.

Out of hundreds of millions of dollars in theoretical unlock value, the actual sell pressure amounted to a tiny fraction. Most recipients left their tokens untouched. Some staked them. Some moved them to new wallets for tax or security reasons. But the panic-inducing “massive supply dump” that the headlines predicted simply did not happen.

The August 29 unlock provided even more recent evidence. That batch was larger, releasing approximately 14.18 million HYPE tokens valued at roughly $1.2 billion near the all-time high of $86.71. The immediate price reaction was a pullback to around $81, which is exactly the kind of dip that gets called a “crash” in breathless Twitter threads. Within days, HYPE was trading back above $85. The pullback represented normal profit-taking in a token that had just rallied 50% in a month, not a structural supply crisis.

This pattern repeats across the entire unlock history. Each time, the headlines scream about billions in new supply. Each time, the actual selling is minimal. Each time, the price recovers.

Why unlock panic consistently overstates the real impact The gap between perceived and actual unlock impact comes down to three factors that most market commentary ignores.

First, vesting recipients are not the same as traders. When a centralized exchange lists a new token and airdrop recipients rush to sell, that creates genuine supply pressure because those holders were never committed to the project. Vesting recipients are different. They earned their tokens through years of work or early commitment. Their time preference is fundamentally different from someone who received a free airdrop.

Second, HYPE has structural demand that absorbs new supply before it can create meaningful price impact. The Assistance Fund buyback mechanism runs continuously, spending approximately $1 million per day on open-market HYPE purchases. That is $30 million per month in automated buying pressure that does not stop for unlocks, does not get scared by headlines, and does not negotiate its entry price. The buyback alone could absorb a substantial portion of any actual selling from unlock recipients.

Third, the market has learned. The first few HYPE unlocks may have caused genuine uncertainty, but after multiple cycles where the feared dump failed to materialize, sophisticated traders and market makers now treat unlock events as potential buying opportunities rather than sell signals. The informational content of an unlock event in HYPE is close to zero because the pattern has been so consistent.

This is not unique to HYPE. Research across the broader crypto market shows that large-cap tokens with strong fundamentals tend to absorb unlock supply more efficiently over time. The difference is that HYPE has one of the most aggressive built-in demand mechanisms in the industry, which narrows the window for any sell pressure to have lasting impact.

The Assistance Fund is the real story here While traders obsess over token unlocks, the Assistance Fund quietly does the opposite of an unlock every single day.

Hyperliquid’s protocol directs 99% of eligible trading fees into the Assistance Fund, which uses those fees to buy HYPE on the open market. The purchased tokens are then burned, permanently removed from supply. No one can ever sell those tokens again. They are gone.

The numbers are staggering. By September 6, cumulative burns had reached 48.42 million HYPE tokens. That is 4.84% of the original maximum supply of 1 billion tokens, permanently erased. At current prices, the burned supply would be worth more than $4 billion.

To put that in perspective, the September 6 unlock released 9.92 million tokens. The Assistance Fund has removed 48.42 million tokens. The net effect of the buyback program outweighs this unlock by nearly five to one.

And the burn rate is accelerating. When Hyperliquid was processing lower volumes in early 2025, daily buybacks ran around $500,000. By mid-2026, they had doubled to roughly $1 million per day. In peak weeks, single-day buybacks have reached $3.97 million. The mechanism scales directly with trading volume, and Hyperliquid dominates crypto buyback activity, accounting for nearly 90% of all tracked token repurchases in 2026 alongside Pump.fun.

The annualized buyback rate runs near 7% of HYPE’s market capitalization. Compare that to Ethereum’s burn rate, BNB’s quarterly burns at roughly 20% of profits, or Solana’s 50% priority fee burn. HYPE’s ratio is four to five times higher than any comparable large-cap crypto asset.

This is the number that matters far more than any unlock. The protocol is eating its own supply faster than vesting events can replenish it.

Token unlocks across crypto: the pattern is clear HYPE is not the only token that survives unlock events better than expected, but it is one of the clearest examples.

Look at Solana. SOL went through massive unlock periods in 2021 and 2022, with billions of dollars in tokens becoming available. The short-term price action was choppy, but the long-term trend was determined by network adoption and ecosystem growth, not by unlock schedules. SOL went from under $20 to over $250 because people built useful things on it, not because its vesting schedule was perfectly smooth.

Arbitrum saw similar dynamics. ARB experienced large unlock events that triggered temporary volatility, but the tokens that actually reached exchanges represented a small fraction of the theoretical total. Optimism’s OP token followed the same pattern. The market has a remarkably consistent response to unlocks: brief uncertainty, minimal actual selling, and a return to the prevailing trend within days or weeks.

The tokens that get destroyed by unlocks tend to share specific characteristics. They lack genuine revenue or usage. Their holders received tokens through airdrops or speculative farming rather than long-term vesting. Their unlock schedules release huge percentages of total supply at once. And they have no structural demand mechanism to absorb new supply.

HYPE has none of those weaknesses. The protocol generates real revenue. The holders are long-term committed. The unlock percentages are manageable. And the Assistance Fund provides constant demand.

Hyperliquid Strategies adds another layer of demand Beyond the Assistance Fund, there is an entirely separate source of HYPE demand that most unlock analysis ignores.

Hyperliquid Strategies, the Nasdaq-listed company that operates as a corporate treasury vehicle for HYPE, held 29.3 million tokens worth $1.9 billion as of June 30, 2026. Since its business combination closed in December 2025, the company has spent $773.4 million buying approximately 16.5 million HYPE at an average price of $46.77.

On September 1, Hyperliquid Strategies expanded its equity facility with Chardan Capital Markets from $1 billion to $2.5 billion. The facility allows the company to sell PURR shares and use the proceeds for general corporate purposes, including HYPE purchases. CEO David Schamis said the company was approaching the original $1 billion limit and needed additional capacity.

This means there is a publicly traded company with $2.5 billion in potential firepower that has explicitly stated its intention to buy more HYPE. That company is already one of the largest identified holders. Its validator is the third largest on the network excluding Hyper Foundation wallets. Its shares are owned by institutional investors including Duquesne Family Office, Stanley Druckenmiller’s firm, which disclosed a $23 million PURR position.

The existence of Hyperliquid Strategies creates an asymmetric dynamic around unlock events. If newly unlocked tokens hit the market and push the price down, Hyperliquid Strategies has both the mandate and the capital to buy the dip. Unlock sellers are selling into a bid from a company with billions in available capacity. That is not a fair fight.

The institutional momentum keeps building The unlock narrative misses the forest for the trees. While headline writers count newly released tokens, the actual trajectory of Hyperliquid is pointing sharply upward.

In the past month alone, several developments have reinforced the institutional case for HYPE. Hyperliquid Labs and Kraken parent Payward entered advanced talks to offer HYPE-linked perpetual futures to U.S. traders through CFTC-regulated exchange Bitnomial, according to Bloomberg. CME Group launched crypto indexes that include HYPE alongside BNB, XRP, and Solana. The Hyperliquid Policy Center asked the SEC and CFTC to create a framework for equity perpetuals, the first formal step toward bringing an entirely new asset class under regulatory oversight.

President Trump himself said during an August 19 White House meeting that the CFTC was working to bring Hyperliquid into the United States in a compliant fashion. A former SEC senior counsel estimated the regulatory process could take 10 to 12 months but noted that the path appeared genuinely underway.

None of this is priced into the unlock math. An unlock analysis that looks only at new supply without considering the demand from a Nasdaq-listed treasury company, a potential U.S. regulated futures listing, and CME-level institutional recognition is measuring one side of the equation and ignoring the other.

The HIP-3 equity perpetuals markets processed more than $480 billion in cumulative notional volume during their first 10 months. HIP-4 outcome markets tripled their volume after opening to outside deployers. Hyperliquid is building genuine product-market fit across multiple verticals while the market argues about whether a 9.92 million token unlock will crash the price.

How the vesting schedule actually works Understanding why unlocks have minimal impact requires understanding the mechanics of HYPE vesting.

HYPE’s maximum supply is 1 billion tokens. The initial distribution allocated 31% to a genesis airdrop in November 2024, with the remainder split among future emissions, core contributors, and the Hyper Foundation. Core contributor tokens vest over multiple years with periodic cliff unlocks rather than daily linear vesting.

This structure means tokens do not trickle into the market continuously. They become available in discrete batches at scheduled intervals, which is what creates the headline-generating moments. But the batch structure also means that holders who want to sell have to make a conscious decision to claim and transfer their tokens. Passive holders, which is most of them, simply leave tokens unclaimed.

The September 6 batch of 9.92 million tokens represents approximately 0.99% of maximum supply. In a token with $19.2 billion in circulating market capitalization and $865 million in 24-hour trading volume, a 1% supply increase is manageable even if every single token were sold immediately. And they will not be sold immediately.

The vesting schedule will continue producing periodic unlocks for years. Each one will generate the same headlines. And each one will likely produce the same result: a brief moment of uncertainty, minimal actual selling, and a return to the underlying trend determined by protocol fundamentals.

What to watch There are legitimate risks around token unlocks, and anyone holding HYPE should track them honestly rather than dismissing all supply concerns.

On-chain claim rates in the first 72 hours. The 1.75% claim rate after the March unlock is the benchmark. If September’s claim rate jumps to 5% or higher, that would signal a genuine change in holder behavior and warrant closer attention.

Assistance Fund buyback volume. The Fund’s daily purchases act as a natural floor under the price. If protocol revenue drops and daily buybacks fall below $500,000, the absorption capacity weakens. Track the Onchain Lens data for the Assistance Fund wallet.

Hyperliquid Strategies purchasing activity. The company’s SEC filings disclose HYPE acquisitions. If Hyperliquid Strategies pauses buying or signals a change in strategy, the institutional demand pillar weakens.

Exchange deposit flows from unlock wallets. Arkham Intelligence and similar platforms track whether newly unlocked tokens move to exchange deposit addresses. This is the single best real-time indicator of actual sell intent.

Broader market conditions. HYPE does not trade in a vacuum. If Bitcoin enters a sharp correction and risk assets sell off broadly, unlock sellers could amplify the downside. The unlock itself is not the risk. The unlock coinciding with external pressure is.

Daily trading volume relative to unlock size. With $865 million in daily volume, the market can absorb significant selling. If volume drops while unlock supply rises, the ratio shifts unfavorably.

Disclaimer:** This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Crypto assets are volatile and carry risk of loss. Past performance does not guarantee future results. Published September 7, 2026.

What was the September 6, 2026, HYPE token unlock? Hyperliquid released approximately 9.92 million HYPE tokens from vesting contracts on September 6, 2026. At the market price of roughly $82.60, the batch was valued at approximately $820 million. The tokens became claimable by core contributors and ecosystem participants who had been subject to vesting schedules since the network’s launch.

Does a token unlock mean all those tokens will be sold? No. A token unlock makes previously locked tokens claimable, but it does not force holders to sell. After the March 2026 HYPE unlock, on-chain tracking showed that only about 1.75% of unlocked tokens reached exchanges within 30 days. Most recipients left their tokens untouched, staked them, or moved them to new wallets without selling.

Why does HYPE typically go up after token unlocks? HYPE has shown resilience during unlock events because of structural demand from the Assistance Fund buyback mechanism, accumulation by Hyperliquid Strategies, and the tendency of vesting recipients to hold rather than sell. When actual selling pressure is minimal and automated buying continues, the net effect of an unlock can be neutral or even slightly positive as uncertainty clears.

What is the Assistance Fund and how does it affect HYPE supply? The Assistance Fund is an automated protocol mechanism that uses 99% of eligible Hyperliquid trading fees to buy HYPE on the open market. Purchased tokens are permanently burned. By September 6, 2026, the Fund had burned 48.42 million HYPE, equal to 4.84% of maximum supply. At roughly $1 million in daily purchases, the Fund creates constant buying pressure that offsets unlock-related supply increases.

How does HYPE’s unlock impact compare to other major tokens? Large-cap tokens with strong fundamentals, including Solana, Arbitrum, and Optimism, have generally absorbed unlock supply without lasting price damage. Tokens that suffer from unlock dumps typically lack real revenue, have mostly airdrop-based holder bases, or release disproportionately large percentages of supply. HYPE’s combination of revenue-funded buybacks, committed long-term holders, and manageable unlock sizes places it among the more resilient tokens during vesting events.

What is Hyperliquid Strategies and why does it matter for unlocks? Hyperliquid Strategies is a Nasdaq-listed company that holds HYPE as its primary treasury asset. It held 29.3 million HYPE worth $1.9 billion as of June 30, 2026, and has a $2.5 billion equity facility for potential additional purchases. Its presence creates a large, well-capitalized buyer that can absorb any unlock-related selling pressure, effectively putting a floor under the token during vesting events.

How much HYPE has been permanently burned? The Assistance Fund had burned approximately 48.42 million HYPE tokens by September 6, 2026, representing 4.84% of the original 1 billion maximum supply. At a price of $85.50, that burned supply would carry a theoretical market value exceeding $4 billion. CoinGecko reflected this by listing HYPE’s fully diluted supply near 955 million tokens rather than the original 1 billion.

Should I buy or sell HYPE based on unlock events? Token unlocks are one factor among many that affect price. This article examines the historical pattern of HYPE unlock behavior and the structural mechanisms that influence supply and demand. Past performance during unlock events does not guarantee future results. Individual investment decisions should account for personal risk tolerance, portfolio allocation, and overall market conditions. This is educational analysis, not investment advice.

Should I buy or sell HYPE based on unlock events? Token unlocks are one factor among many that affect price. This article examines the historical pattern of HYPE unlock behavior and the structural mechanisms that influence supply and demand. Past performance during unlock events does not guarantee future results. Individual investment decisions should account for personal risk tolerance, portfolio allocation, and overall market conditions. This is educational analysis, not investment advice.

Zcash’s move above $1,200 left a large Hyperliquid trader with approximately $25.7 million in unrealized losses on a 32,760 ZEC short position, according to an on-chain analyst’s Sept. 7 assessment.

Summary

ZEC climbed above $1,200, leaving a tracked Hyperliquid short with $25.7 million in unrealized losses reportedly. The wallet shorted 32,760 ZEC at an average entry price near $444 in July 2026. Ember attributes the address to Garrett Jin, but public blockchain data cannot confirm ownership independently. The same address held roughly $107 million in Bitcoin longs with $4.42 million unrealized profits observed. Funding payments on the Bitcoin position totaled about $2.05 million, reducing its effective trading return materially. Blockchain analyst Ember reported that the wallet opened its ZEC short in early July at an average entry price near $444. ZEC subsequently advanced from approximately $400 to more than $1,200.

At $1,200, the difference between the reported entry price and market price would produce a loss of roughly $24.8 million on 32,760 ZEC before fees. Ember’s $25.7 million estimate implies that ZEC was trading closer to $1,228 when the position was observed.

The position remains open, according to the analyst. Its loss is therefore unrealized and can change as ZEC’s price moves, funding accrues or the trader adjusts the position.

The wallet’s current positions and account equity can be monitored through HypurrScan. On-chain explorers can verify an address’s trades and balances, but they cannot independently prove who controls it.

Ember described the address as part of a “Garrett Jin whale entity.” No signed message, court record, company filing or direct statement from Jin was identified confirming that attribution. The article therefore treats the connection as Ember’s assessment rather than an established fact.

ZEC 太猛了，$1,200+ 了~
不过 [Garrett Jin 巨鲸实体] 应该是不太开心的：因为作为最大的 空单持有者的他们，现在浮亏 $2570 万了都。

他们是在 7 月初就开空了 3.276 万枚 ZEC，开空价格 $444。结果 ZEC 3 个月时间从 $400 猛涨到了 $1,200+，他们浮亏 $2570 万。

另外他们手上还有价值 $1.07… pic.twitter.com/eq74XQCL5n

— 余烬 (@EmberCN) September 7, 2026 ZEC gained more than 170% from the reported entry ZEC’s move from the wallet’s $444 entry price to $1,200 represents an increase of approximately 170%. The rally occurred over roughly two months between early July and Sept. 7, rather than a full three-month period.

The sharp move followed growing institutional interest in Zcash. Grayscale converted its existing Zcash Trust into the ZCSH exchange-traded fund, which began trading on NYSE Arca on Aug. 25. Crypto.news reported that the first U.S.-listed Zcash fund began trading with direct exposure to the privacy-focused asset. Grayscale charges the fund a 2.5% annual sponsor fee.

ZEC traded near $855 shortly after the fund’s launch, while centralized exchange volume exceeded $1.2 billion during one 24-hour period. Its subsequent advance through $1,000 intensified pressure on short positions. The rally also pushed Zcash into the crypto market’s largest assets by capitalization. In related coverage, ZEC’s move through the four-digit price level was linked to the ETF conversion, renewed privacy demand and increasing institutional exposure.

These developments provide context for the rally but do not prove that ETF demand alone caused the move. Spot buying, derivatives positioning, short liquidations and reduced available supply can all affect prices during a rapid advance.

Bitcoin long partially offsets the ZEC loss The same Hyperliquid address held a Bitcoin long position worth approximately $107 million when Ember published the update. That trade carried an estimated unrealized gain of $4.42 million.

However, the wallet had paid about $2.05 million in funding fees on the Bitcoin position. Subtracting those payments would leave a smaller effective gain before any other trading costs. Funding payments are periodic transfers between long and short perpetual-futures traders. They help keep a perpetual contract’s price close to the underlying spot market. When funding is positive, long-position holders generally pay short-position holders.

The Bitcoin profit was not large enough to offset the ZEC loss at the reported snapshot. Combining the $25.7 million ZEC deficit with the Bitcoin position’s paper gain and reported funding costs would still leave the two trades deeply negative overall.

That calculation does not represent the wallet’s complete performance. It excludes other open positions, closed trades, deposits, withdrawals and fees that may appear in its broader account history.

High leverage leaves the position exposed to liquidation An unrealized loss does not necessarily mean the trader has been liquidated. Hyperliquid calculates liquidation risk using position size, collateral, maintenance margin and the platform’s mark price.

The wallet’s large account equity may allow it to maintain the ZEC short despite the loss. Its liquidation price was not reliably available from the analyst’s post, and no confirmed liquidation had occurred at publication. If ZEC continues rising, the required margin and paper loss could increase. A falling ZEC price would reduce the loss and could return part of the short to profitability. The outcome remains dependent on future price movements.

The position could also contribute to further volatility if the trader closes it. Buying 32,760 ZEC to cover the short would create additional market demand, although the eventual effect would depend on execution timing and available liquidity.

Conversely, keeping the position open exposes the wallet to further losses, funding costs and liquidation risk. There is no verified indication of whether the trader plans to close, reduce or add collateral to the position.

What happens next for the ZEC whale position The primary measurable developments are changes to the wallet’s position size, collateral and liquidation level. These details can be followed through the address’s public perpetual-futures activity.

ZEC’s ability to remain above $1,200 will also determine whether the reported loss grows or contracts. The rally has already shown that earlier resistance levels do not guarantee support during a reversal. Traders will also watch ZCSH fund holdings, spot-market volume and ZEC derivatives open interest. High open interest can amplify moves in either direction when leveraged positions are forced to close.

No statement from the wallet controller has confirmed its trading strategy or identity. Until that occurs, the $25.7 million figure should be described as a snapshot-based estimate tied to a publicly visible address, not a confirmed personal loss attributed conclusively to Garrett Jin.

Hyperliquid’s native token, HYPE, slipped into negative territory on Monday, retreating from its recent advance after a 10% rally last week. Despite the pullback, HYPE remained above $86 at the time of reporting, holding onto its broader bullish structure as investors weighed up the prospects for further gains.

ETF inflows persist as financial institutions disclose positionsExchange-traded funds focused on HYPE continued to draw net inflows for the fifth consecutive week, signaling ongoing interest among institutional investors. According to CoinGlass, these products attracted $12.27 million in net new money last week, although this marked a notable slowdown from the previous week’s $56.86 million haul.

Bloomberg ETF analyst James Seyffart posted fresh data on X, revealing that several major financial institutions reported exposure to HYPE-based investment products. Among the disclosed holders were Wealth High Governance, OLP Capital, UBS, Bank of Montreal, and Jane Street, highlighting growing institutional engagement in the Hyperliquid ecosystem.

Hyperliquid is a decentralized exchange platform where the HYPE token is used throughout its products and governance. Analysts note that the presence of established financial firms signals increased interest in digital asset markets, especially as debates over US regulatory approvals for such products continue.

The five-week streak of inflows suggests demand for HYPE remains steady, although the sharp drop in new investment reflects some moderation of investor enthusiasm after the token’s recent price surge. This ongoing institutional participation may provide support for the token, but weaker inflow momentum could limit further upside in the near term.

WeekNet ETF InflowsLast week$12.27 millionPrevious week$56.86 millionSeveral institutional holders reported sizable positions in HYPE-focused investment products, reflecting growing engagement among established finance firms.

Mini dictionary: Hyperliquid, a decentralized exchange platform that offers trading services and uses the HYPE token for participation and governance within its ecosystem.

Technical analysis: HYPE faces resistance near $90HYPE’s price remains well above its key exponential moving averages (EMAs) on the daily chart, supporting an overall bullish structure. The 50-day EMA sits at $71.55, the 100-day EMA at $65.05, and the 200-day EMA currently stands at $56.64, all considerably below current levels.

Recent technical indicators suggest a potential slowdown in momentum. The relative strength index (RSI) has slipped to around 58 on the 4-hour chart, indicating a retreat from overbought conditions. At the same time, the moving average convergence divergence (MACD) indicator has crossed marginally below its signal line, hinting at short-term cooling in buying interest.

HYPE is struggling to decisively clear the 127.2% Fibonacci extension at $85.94. This area has attracted increased selling pressure, with some investors locking in profits following the climb. Fibonacci retracement levels derived from the recent range between $51.20 and $76.93 suggest several possible support zones if prices retreat further. The closest support is around $82.40, and a confirmed drop below this level could push HYPE down to $76.93, or even toward the 50-day EMA at $71.55, which is close to the 78.6% retracement at $70.51.

Indicator/LevelCurrent ValueSpot Price$86127.2% Fibonacci Extension$85.94Support (recent)$82.4050-day EMA$71.55RSI (4h)58While HYPE’s price structure remains bullish, resistance near $90 and waning momentum could limit its ability to push higher in the short term.

A decisive breakout with a daily close above $89.61 would be needed to confirm renewed bullish momentum. Such a move may open the door for a further rally toward the 161.8% Fibonacci extension at $98.95 and would bring the symbolic $100 mark into play. For now, the uptrend is intact, but profit-taking and technical resistance could keep the token trading in a range near current levels as momentum consolidates.

US-listed Bitcoin (BTC) exchange-traded funds (ETFs) pulled in $986.9 million during the week ending September 4, according to SoSoValue data. Inflows into Ethereum (ETH), Solana (SOL), XRP (XRP), and Hyperliquid (HYPE) products fell between 73% and 96% that week.

Bitcoin funds lifted their weekly haul by 6.7%. The four other major product groups moved in the opposite direction after a strong showing the week before.

Altcoin Funds Give Back a Week of GainsThe week ending August 28 told the reverse story. Bitcoin ETFs took in $924.5 million that week, roughly half the $1.92 billion collected a week earlier.

Solana products jumped 443% to $153.9 million during that stretch. XRP funds climbed 178% to $110.5 million, and Hyperliquid funds reached $56.9 million.

Those gains vanished within five trading days. Solana ETFs took in $6.2 million, XRP funds took in $19 million, and Hyperliquid funds took in $12.3 million.

None of the five recorded a net outflow. The shift, therefore, points to slower buying rather than investors pulling capital out.

Trading activity cooled across the board, including in Bitcoin. Turnover in the Bitcoin funds dropped to $14.5 billion from nearly $19 billion, while Ethereum turnover fell to $4.1 billion.

Change in Weekly Spot ETF Net Inflows, Week Ending September 4 versus Week Ending August 28, 2026. Source: SoSoValue/BeInCryptoFollow us on X to get the latest news as it happens

Prices Refused to Follow the MoneySpot prices stayed narrow across all five assets. Bitcoin gained 2.58% over the five trading days to September 4.

Ethereum rose 1.09%. XRP added 3.02%, while Hyperliquid gained 5.76%.

Solana trailed the group with a 0.18% gain. Its fund assets slipped over the same stretch, to $1.41 billion from $1.43 billion.

Bitcoin opened Friday at its highest price since May 12. The move followed remarks from Federal Reserve Governor Christopher Waller about the coming inflation reading.

The August employment report then landed on the final day of the flow week. Payrolls rose 162,000 against a forecast near 53,000, and traders raised bets on a Fed hike this month.

That reading runs counter to the dovish signal that pulled money into Bitcoin funds on Thursday. The August inflation print, due September 11, will test how the flows hold up.

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Hyperliquid repurchased and burned approximately 9,730 HYPE tokens during the 24 hours ending Sept. 6, according to blockchain data published by Onchain Lens.

Summary

Hyperliquid bought and burned 9,730 HYPE worth approximately $829,500 during the latest 24-hour reporting period. The purchases averaged $85.27 per HYPE, according to Onchain Lens’s public blockchain tracking data snapshot. Cumulative burns reached approximately 48.42 million HYPE, equal to 4.84% of maximum token supply overall. HYPE traded near $86 after the report, remaining below its latest record high price level. Hyperliquid’s Assistance Fund converts most eligible trading fees into automated open-market HYPE purchases and burns. The transactions were worth about $829,500 at an average purchase price of $85.27 per token. The latest activity increased the amount of HYPE classified as burned to approximately 48.42 million tokens.

That total represents about 4.84% of HYPE’s original maximum supply of 1 billion tokens. At a price of roughly $85.50, the cumulative balance would be valued near $4.14 billion.

The $4.14 billion figure is a mark-to-market calculation. It does not represent the amount Hyperliquid spent acquiring the tokens. The Assistance Fund purchased HYPE at different prices over time, and Onchain Lens did not publish a cumulative acquisition cost in its latest update.

HYPERLIQUID BURNS $830K HYPE IN 24 HOURS

Hyperliquid bought and burned 9.73K $HYPE (~$829.5K) over the past 24 hours at an $85.27 average price.

Lifetime:

· 48.42M $HYPE burned
· ~$4.14B at current value
· 4.84% of max supply permanently removed pic.twitter.com/SsqxWR2wRt

— Onchain Lens (@OnchainLens) September 6, 2026 Hyperliquid burns HYPE through its Assistance Fund Hyperliquid uses an automated mechanism called the Assistance Fund to direct most eligible protocol fee revenue toward open-market HYPE purchases. The tokens are then removed from circulating and total supply under the network’s burn framework.

The protocol’s current documentation states that HYPE held by the Assistance Fund is burned permanently. Hyperliquid’s validators formally recognized the fund’s accumulated HYPE as burned following a governance process in December 2025.

Before that decision, the Assistance Fund accumulated tokens at a system address that lacked a conventional private key. Although market observers often treated those tokens as removed from circulation, the governance decision formally committed validators against approving an upgrade that could restore access.

The mechanism links token purchases directly to activity on Hyperliquid. Greater trading volume and fee generation provide more resources for HYPE purchases. Lower activity reduces the amount available. The program therefore has no fixed daily repurchase level.

An earlier examination of Hyperliquid’s fee-funded buyback mechanism found that roughly 97% to 99% of applicable protocol fees were directed to the Assistance Fund, depending on the market and fee category.

Priority fees follow a different process and are burned directly. The Assistance Fund should also not be confused with HLP, the protocol’s separate market-making vault.

The 48.42 million HYPE figure needs context Multiplying 48.42 million HYPE by the reported $85.27 average produces approximately $4.13 billion. However, $85.27 was the average price for the latest 9,730-token purchase, not the historical average cost of all burned tokens.

The reported $4.14 billion total instead reflects what the cumulative tokens would be worth at current market prices. It can rise or fall without additional burns because HYPE’s market value changes continuously.

The supply calculation is more direct. Dividing 48.42 million by the original 1 billion maximum supply produces 4.842%, matching the approximately 4.84% reported by Onchain Lens.

Current data providers may display a maximum or total supply below 1 billion because previously burned tokens have already been deducted. CoinGecko, for example, listed HYPE’s fully diluted supply near 955 million tokens on Sept. 6 rather than the original maximum.

Those differences do not mean additional tokens disappeared without explanation. They reflect whether a data provider uses the original authorized maximum or a burn-adjusted supply figure. Writers comparing burn percentages should specify which denominator they use.

The burn also does not transfer cash directly to HYPE holders. HYPE is not company stock, and token ownership does not provide a legal claim on Hyperliquid Labs’ revenue. The mechanism reduces token supply and creates open-market demand, but it does not guarantee a higher price.

HYPE traded near its record after the burn HYPE traded around $86 on Sept. 6, according to market data from CoinGecko. It gained approximately 2.6% over 24 hours and remained less than 2% below its reported record of $88.06.

CoinGecko recorded about $865 million in 24-hour trading volume and placed HYPE’s circulating market capitalization near $19.2 billion. Other platforms showed prices between approximately $85 and $87 during the same period, reflecting normal differences between venues and collection times.

The price increase occurred alongside the latest burn, but the timing alone does not prove that the 9,730-token purchase caused the movement. HYPE also responds to derivatives activity, broader market conditions, token unlocks, demand for network staking and expectations surrounding protocol revenue.

At an average price of $85.27, the latest $829,500 purchase represented a small fraction of HYPE’s daily trading volume. Its immediate price effect therefore cannot be isolated from other orders without more detailed market data.

The broader buyback program is more material because it operates repeatedly. Research published in May found that the Assistance Fund had been buying approximately $1 million in HYPE per day on average, although the amount varied with protocol revenue and token prices.

Crypto projects collectively spent a record amount on repurchases during 2026, with Hyperliquid and Pump.fun accounting for most tracked buybacks. The programs differ in funding sources, implementation and treatment of repurchased tokens.

Additional revenue could fund future HYPE burns Hyperliquid added another potential source of Assistance Fund revenue through its aligned quote asset framework in August. AQAv2 directs most cost-adjusted reserve yield from eligible stablecoins toward the protocol.

For USDC, approximately 90% of cost-adjusted reserve income is expected to reach the Assistance Fund. Coinbase acts as the treasury deployer, while Circle provides the stablecoin’s issuance and cross-chain infrastructure.

The USDC reserve-yield arrangement began operating in August, but the first payment is scheduled for Oct. 3 because of an initial grace period and the framework’s settlement schedule.

The payment amount remains unknown. It will depend on the USDC supply deployed on Hyperliquid, prevailing reserve yields, operating costs and other terms. Any estimate before the first transfer would be forward-looking.

Until then, trading fees remain the main observable driver of Assistance Fund purchases. Daily burn totals will continue to change with platform activity and HYPE’s market price. A higher token price allows the same dollar amount to purchase fewer HYPE tokens, while a lower price increases the number removed for an equal expenditure.

Future burn reports should therefore be assessed through three separate measures: the number of HYPE removed, the money spent during the period and the token’s prevailing price. Combining them into a single dollar figure can obscure how the mechanism is performing.

Key Highlights The HYPE token currently trades near $85, recovering from a $50 low following a massive 240% surge from initial entry levels. An unidentified major holder acquired 343,000 HYPE tokens valued at $29M and has staked the entire position. A coalition of 30 institutional players, including UBS, Jane Street, and Bank of Montreal, collectively holds $75M in Hyperliquid ETF positions. The token secured its debut in a U.S. crypto ETF through Hashdex’s Nasdaq Crypto Index, representing a 3.4% allocation. Market participants are monitoring $105 as the next critical resistance level. The Hyperliquid HYPE token is currently hovering around the $85 mark, bolstered by significant whale accumulation, expanding institutional participation through ETF vehicles, and positive technical momentum. After rebounding sharply from its $50 floor, market focus has shifted to whether the token can break through the $105 threshold.

Hyperliquid (HYPE) Price Crypto market analyst Hov pointed out that an early position established at $26 has delivered a remarkable 240% return, while a subsequent entry around $55 has generated gains exceeding 50%. These performance figures underscore the persistent buying activity surrounding the asset.

From a technical perspective, HYPE maintains a position above all primary exponential moving averages—the 20 EMA is positioned at $78.29, while the 50, 100, and 200 EMAs are aligned below in a textbook bullish configuration. Additionally, the MACD indicator confirms that buyers maintain market dominance.

Major Whale Demonstrates Long-Term Conviction Blockchain analytics platform Lookonchain identified that the wallet address “0x6436” acquired an additional 343,000 HYPE tokens in a transaction worth approximately $29.09 million. This major holder’s total position now stands at 3.24 million HYPE tokens with a current valuation of roughly $252 million.

Particularly noteworthy is the fact that this whale has staked the entire allocation, indicating a long-term investment strategy rather than short-term speculation. Such substantial commitment typically removes tokens from active circulation and demonstrates strong confidence in the project’s future prospects.

Traditional Finance Firms Amass $75M in ETF Positions James Seyffart, an ETF analyst at Bloomberg, analyzed 13F regulatory filings revealing that 30 identified institutional investors maintained a cumulative $74.9 million in Hyperliquid ETF holdings as of the June 30 reporting date.

30 Known Institutions Hold $74.9 Million in Hyperliquid ETF Exposure, 13F Data Shows

Bloomberg ETF analyst James Seyffart compiled 13F data showing that, as of June 30, 30 known institutional holders had exposure to the three Hyperliquid ETFs, with combined exposure of… pic.twitter.com/eupJ26tplj

— Wu Blockchain (@WuBlockchain) September 5, 2026

Wu Blockchain disseminated Seyffart’s findings on X, noting that Wealth High Governance Asset Management topped the rankings with $23.9 million in exposure, trailed by OLP Capital Management with $10.5 million, UBS holding $7.5 million, Bank of Montreal with $6.7 million, and Jane Street maintaining $4.4 million. The top five firms alone represent more than 70% of all reported institutional exposure.

Currently, three HYPE ETFs trade on U.S. exchanges: 21Shares introduced THYP on May 12, Bitwise subsequently launched BHYP, and Grayscale debuted HYPG in June. Collectively, these funds manage $480.86 million in total net assets and have attracted $356.58 million in cumulative net inflows since their respective launches.

Additionally, HYPE secured inclusion in the Hashdex Nasdaq Crypto Index US ETF with a 3.4% weighting, positioning it as the fifth-largest component following Bitcoin, Ethereum, XRP, and Solana.

Friday’s trading session saw ETF inflows totaling $10.52 million, with the entire amount directed to Bitwise’s BHYP product.

Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.

Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.

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Banks, asset managers, and trading firms have revealed notable positions in US-listed Hyperliquid exchange-traded funds (ETFs), marking a growing institutional interest in these investment vehicles. UBS, Bank of Montreal, and Jane Street have been identified among the earliest institutional participants in these Hyperliquid ETFs.

Major institutional investors revealedA total of thirty institutions collectively reported holdings of $74.9 million across three Hyperliquid ETFs, according to James Seyffart, an ETF analyst at Bloomberg Intelligence. Wealth High Governance Asset Management emerged as the largest institutional holder, controlling 632,614 shares of 21Shares’ THYP fund valued at $23.95 million. OLP Capital Management followed as the second-largest stakeholder, with its ETF position totaling $10.5 million.

UBS disclosed $7.5 million in Hyperliquid ETF holdings, ranking as the third-largest institutional participant. Bank of Montreal reported $6.7 million, while Jane Street held $4.4 million in the funds. Combined, these five largest holders account for roughly $53 million, representing about 71% of all reported positions. Other notable institutional participants include Discovery Capital, Brevan Howard, Balyasny Asset Management, and Boothbay Fund Management.

InstitutionHoldings in Hyperliquid ETFs (USD)Wealth High Governance Asset Management$23.95 millionOLP Capital Management$10.5 millionUBS$7.5 millionBank of Montreal$6.7 millionJane Street$4.4 millionGrowth in HYPE exposure through ETFsThese developments signal increasing exposure to the HYPE token through regulated investment vehicles rather than direct interaction with Hyperliquid. ETF offerings provide investors with the ability to gain access via established brokerage accounts. Hyperliquid, the platform behind these products, operates its own blockchain and focuses primarily on perpetual futures markets.

US-based investors still face restrictions accessing Hyperliquid’s direct products. However, Payward, the operator of Kraken, reportedly is collaborating with the Commodity Futures Trading Commission (CFTC) to introduce regulated Hyperliquid-linked perpetuals in the US market.

Mini dictionary: Hyperliquid is a decentralized derivatives trading platform specializing in perpetual futures contracts. It operates its own blockchain to power these financial products, and its native token, HYPE, is used within its ecosystem.

Implications for market and regulationThe most recent disclosures stem from 13F filings, a quarterly requirement for institutional investment managers. However, analysts caution that this data provides only a partial view, as certain holdings may be omitted depending on reporting rules. Additionally, banks often maintain securities on behalf of clients and trading firms may use ETF positions for hedging.

Current 13F filings show 30 institutions invested $74.9 million in Hyperliquid ETFs, with the five largest accounting for about $53 million of those reported positions.

Attention is now turning to upcoming regulatory steps affecting Hyperliquid ETF flows and further portfolio disclosures. Hyperliquid’s scheduled token unlock on September 6, alongside ongoing buybacks of HYPE, are also expected to play a role in shaping market dynamics in the near term.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Hyperliquid logo (Wikimedia Commons)

Hyperliquid’s native token, HYPE, has surged to a new all-time high, above $89. This milestone reflects a significant increase of over 60% in the past month, accompanied by a substantial 24-hour volume of $629 million. Institutional interest is also notable, with Wall Street entities reportedly holding $75 million in ETFs linked to HYPE. This growth comes amidst robust activity on Hyperliquid’s decentralized derivatives protocol, indicating increased market engagement.

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Key Takeaways The surge in HYPE’s price appears to align with increased institutional engagement, as evidenced by significant ETF holdings. The 24-hour volume of $629 million suggests heightened market interest and liquidity in the HYPE token. Market odds for Hyperliquid reaching $100 by year-end are currently at 66%, indicating strong momentum consistent with continued price appreciation. What to Watch Market participants will be closely monitoring any further institutional moves or strategic partnerships that could impact HYPE’s trajectory. Developments such as announcements of major partnerships or significant increases in volume may be consistent with scenarios where HYPE reaches the $100 milestone. Conversely, any adverse regulatory developments or security concerns could affect market confidence and pricing.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 66% — — View market → January 1 2027 4% — — View market → January 1 2027 2.9% — — View market → January 1 2027 5.9% — — View market → January 1 2027 2.8% — — View market → January 1 2027 95.1% — — View market → January 1 2027 10.5% — — View market → January 1 2027 6% — — View market →

Thirty institutional investors collectively held roughly $74.9 million in Hyperliquid ETF products as of June 30, according to the latest round of quarterly 13F filings. The disclosures represent the first window into who exactly has been buying into one of crypto’s more unconventional ETF bets: a fund tracking the native token of a decentralized perpetual exchange.

Bloomberg Intelligence ETF analyst James Seyffart flagged the data, which shows a mix of asset managers, banks, and trading firms staking early positions in the newly launched products.

Who’s buying, and how much The largest disclosed holder is Wealth High Governance Asset Management, a Brazil-based firm that reported approximately $23.95 million in 21Shares’ THYP fund. That translates to 632,614 shares, making it the single dominant position in the entire filing cohort.

Behind Wealth High Governance, the roster gets more recognizable. OLP Capital Management disclosed roughly $10.5M in holdings. UBS followed at $7.5M, Bank of Montreal at $6.7M, and Jane Street at $4.4M.

Those top five holders account for about 70.8% of the total reported exposure, or roughly $53M. The remaining 25 institutions split the other $22M or so among themselves.

The products themselves Three Hyperliquid ETFs have launched in quick succession this year. 21Shares’ THYP began trading on May 12, 2026. Bitwise’s BHYP followed three days later on May 15. Grayscale rounded out the trio with a staking-focused Hyperliquid ETF on June 3.

By June 30, Bitwise’s BHYP fund alone reported $128M in net assets, holding approximately 1.96 million HYPE tokens. That figure captures total fund size, not just what shows up in 13F filings, since many holders either fall below the $100M reporting threshold or hold through structures that aren’t captured in the mandatory quarterly disclosures.

The gap between BHYP’s $128M in total net assets and the $74.9M reported across all three products in 13F filings suggests a significant chunk of demand is coming from retail investors or smaller institutions that don’t file 13Fs.

Context and precedent The Hyperliquid ETF launch followed a now-familiar playbook that Bitcoin and Ethereum ETFs established. Spot Bitcoin ETFs launched in January 2024 and attracted billions in their first weeks. Ethereum spot ETFs followed later that year.

What makes Hyperliquid different is the underlying asset. Bitcoin and Ethereum are broadly recognized, even by people who couldn’t explain a hash function. HYPE, by contrast, is the governance and utility token for a specific decentralized exchange that specializes in perpetual futures trading.

What this means going forward The fact that Jane Street, a quantitative trading firm known for its market-making activity, already appears in the filings hints at healthy secondary market liquidity. Among the three issuers, 21Shares attracted the single largest institutional holder, but Bitwise’s BHYP has the largest total fund size at $128M. Grayscale’s staking ETF offers a differentiated value proposition by passing through staking rewards.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

4 hours ago

According to TradingBeats’ monitoring, as PONS hits new highs approaching a $1 billion market capitalization, trader Loracle has been steadily adding to his short positions on PONS. Currently, he holds $23.11 million worth of short contracts on PONS, with an average entry price of $0.65, liquidation price of $1.82, and an unrealized loss of roughly $6.94 million. Loracle’s total unrealized loss across all short positions has climbed to around $28.7 million. His other major short positions include: $40.31 million short on HYPE, entry price of $53.97, unrealized loss of $15.02 million; $26.96 million short on SNDK, entry price of $1475.09, unrealized loss of $4.43 million; $19.64 million short on NVDA, entry price of $225.70, unrealized loss of $450,000; $10.65 million short on MU, entry price of $870.69, unrealized loss of $1.54 million; and $5.52 million short on CASHCAT, entry price of $0.23, unrealized loss of $310,000. On-chain perpetual contract and address analysis tool TradingBeats is now live, enabling real-time access to Hyperliquid data—from tracing whale operations to in-depth analysis, all at a glance.

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The token issued by Pons has accounted for 73.5% of the total trading volume across all of Robinhood’s issuance platforms.

Robinhood’s token launch platform Pons stated in a post that its pace is not slowing. Over the past 24 hours, tokens issued on Pons accounted for 73.5% of the total trading volume across all of Robinhood’s launch platforms. Separately, Dune data shows that among other token launch platforms in the Robinhood ecosystem, noxa.fun holds an approximately 18.2% share, followed by long.xyz and pool.trade.

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Grok Video Agent upgraded to version 1.5: Integrated with Image 2.0, multi-shot continuity enhanced

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Ansem has been repeatedly pumping ZCAT, the meme token linked to ZEC's dividend, whose market cap has surged past $92 million to a new all-time high.

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Cathie Wood: Bitcoin is gradually decoupling from gold's price trend.

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WLFI advisor Ogle is the actual top holder of PONS, holding 15.28 million PONS at an average price of $0.1.

According to EmberCN's monitoring, WLFI advisor ogle's PONS holdings are not the 10.96 million units shown on FOMO, but 15.28 million units valued at $13.92 million. He also holds 4.32 million PONS in another address, worth $3.86 million. Ogle is actually the top PONS whale, having accumulated a total of 15.28 million PONS at an average price of $0.1 per unit, with an unrealized profit of $13.77 million, marking an 87x gain. The relevant addresses are: 0x1Bcc5f67CD17e13770F199fA03bC043b0cde1143; 0x825F23921dCFf36944d8B0b0CA23ac7D05fB86cB

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OpenAI Simultaneously Recruits Schumer’s Daughter and Veteran Republican Operative to Focus on U.S. State AI Policies

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19 minutes ago

The Hyperliquid (HYPE) token continues to gain traction, with bullish sentiment strengthening as institutional interest, staking activity, and significant whale accumulation lend support to the price action. At press time, HYPE trades at $85.36 with a 24-hour trading volume of $793.73 million and a market capitalization of $21.47 billion, having risen 1.36% within the last day.

Whale accumulation and staking activityA large investor known for operating the wallet “0x6436” has recently acquired 343,000 HYPE tokens valued at approximately $29.09 million, according to on-chain data shared by the market watcher Lookonchain. This move increases the whale’s position to 3.24 million HYPE tokens, collectively worth around $252 million.

Lookonchain added that this wallet has staked its entire HYPE holdings, indicating a long-term commitment to the project rather than seeking short-term gains. The ongoing accumulation by this major holder has drawn attention among traders, raising confidence in the token’s outlook.

Lookonchain emphasized that the magnitude of accumulation reflects substantial belief in HYPE’s long-term prospects, particularly since the tokens are now held in staking rather than entering the market for sale.

Mini dictionary: Lookonchain is a cryptocurrency analytics platform that tracks large transactions, whale holdings, and on-chain activity to provide insights into market dynamics.

Technical indicators and analyst outlookTechnical analysis on TradingView reveals an ongoing uptrend for HYPE, which climbed to $85.66 after recovering from a low near $50.00. The token is currently supported by a bullish alignment of exponential moving averages, with the 20 EMA at $78.29, the 50 EMA at $70.24, the 100 EMA at $64.14, and the 200 EMA at $56.11. This sequence signals continued positive momentum in the near term.

The MACD technical indicator shows a reading of 6.07, slightly above the signal line at 6.06, with green histogram bars indicating ongoing buyer strength. The price remains above all key moving averages, reinforcing the bullish trend.

Moving AverageLevel20 EMA$78.2950 EMA$70.24100 EMA$64.14200 EMA$56.11Crypto analyst Hov has underlined that the HYPE token’s rally produced notable gains for various entry points. Early buyers at $26 have seen approximately 240% returns, while positions taken near $55 are up over 50%.

ETF inclusion and institutional exposureRecent data from Hyperliquid Daily shows that HYPE has debuted in the Nasdaq Crypto Index US ETF, managed by Hashdex, a crypto asset management firm. This marks HYPE’s first inclusion in a US-listed crypto exchange-traded fund (ETF).

With a 3.4% allocation, HYPE is now the fifth largest holding in the fund, following Bitcoin, Ethereum, XRP, and Solana. The addition comes as the fund adjusts its holdings composition, reflecting a decreased weighting for Bitcoin and the inclusion of new assets as they grow in size and liquidity.

For Hyperliquid, the appearance in such a product could signal rising credibility and broader visibility among institutional and traditional investors. The project, initially focused on decentralized perpetual markets, now expands its presence as more investment vehicles take note.

Future changes in HYPE’s ETF allocation are likely to depend on continued growth and liquidity development in the protocol itself.

Inclusion in the Nasdaq Crypto Index US ETF positions HYPE closer to established cryptocurrencies as institutional interest accelerates.

The next directional move for the HYPE price will depend on buyers’ ability to sustain gains above key resistance points. While signs point to continued bullish momentum, profit-taking and volatility may follow after the recent sharp advance. If buyers maintain support, a breakout could drive prices toward the $105 target noted in technical setups.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

4 hours ago

According to monitoring by crypto analytics platform Yu Jing, the address suspected to hold HYPE tokens for venture capital firm a16z transferred 13.05 million USDC to decentralized exchange Hyperliquid 8 hours ago, and purchased HYPE via a Time-Weighted Average Price (TWAP) order. The same address spent 66.4 million USDC to buy 816,000 HYPE tokens at an average price of $81.3 one week ago. Currently, the address has bought and staked 5.201 million HYPE tokens, valued at approximately $445 million, with an average entry price of around $67.2, posting an unrealized profit of roughly $95.18 million.

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8 hours ago

Hyperliquid co-founder Jeff Yan announced that HyperCore has launched manual lending functionality on its mainnet. HyperEVM smart contracts can call HyperCore’s borrowing and lending functions via CoreWriter, and access relevant data through precompiled contracts.

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7 hours ago

According to on-chain data, Trade.XYZ has deployed its HIP-4 decentralized exchange (DEX) on Hyperliquid. Transaction records show the deployment was completed at 21:15 Beijing time on September 5.

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Kraken logo (Wikimedia Commons, public domain)

Hyperliquid, a decentralized perpetuals platform, plans to enter the U.S. market by leveraging Kraken’s Bitnomial licenses, according to CoinDesk. This strategic move involves collaborating with Payward, Kraken’s parent company, to utilize Bitnomial’s CFTC-regulated exchange infrastructure. The proposal, reportedly submitted to the Commodity Futures Trading Commission for review, would allow U.S. market participants to access a limited selection of Hyperliquid’s perpetual futures. This development marks Hyperliquid’s first formal entry into the U.S. market, though its full offshore application remains geoblocked for American users.

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Key Takeaways Hyperliquid’s strategy to enter the U.S. market appears to leverage Kraken’s established regulatory footprint. Market pricing suggests participants are moderately optimistic about Hyperliquid reaching significant price milestones by year-end. The move could indicate a growing trend of crypto platforms seeking regulated U.S. market participation. What to Watch The outcome of the CFTC’s review of Hyperliquid’s proposal will be crucial in determining the platform’s ability to operate in the U.S. market. Market participants will likely monitor any official announcements from Hyperliquid or Kraken regarding the approval status. Additionally, any shifts in market sentiment or pricing could be influenced by broader crypto market dynamics and regulatory news.

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Term Structure

Contract Odds Δ since publish Volume 24h December 31 64% — — View market → January 1 2027 4% — — View market → January 1 2027 2.9% — — View market → January 1 2027 5.9% — — View market → January 1 2027 2.8% — — View market → January 1 2027 87.5% — — View market → January 1 2027 10.5% — — View market → January 1 2027 4.5% — — View market →

Table of contents

Chainalysis has added support for HyperEVM, the Ethereum-compatible smart contract environment on the Hyperliquid Layer 1, the blockchain analytics firm announced on September 3, 2026. The integration brings Chainalysis’s compliance and investigation tooling to Hyperliquid’s growing onchain ecosystem, letting customers monitor activity across the network’s native token and the applications deployed on top of it. The announcement is the latest chain-coverage expansion from the analytics firm, which routinely adds automatic token support for emerging networks.

Automatic Coverage for ERC-20 and ERC-721 Tokens Support extends well beyond the native HYPE token. Chainalysis said it will automatically add coverage for new fungible and non-fungible tokens deployed on HyperEVM that follow major standards such as ERC-20 and ERC-721. Because fresh tokens are minted on the network daily, the firm’s platform now ingests them without manual intervention, closing the gap between a token’s launch and its availability for screening. Customers can run Know Your Transaction (KYT) checks with actionable alerts and continuous monitoring, and the same coverage is wired into Chainalysis’s entity screening products and Reactor, its flagship investigations tool. That lets analysts track fund flows across HyperEVM tokens, investigate transactions, visualize money movements, and identify potentially illicit activity.

Where HyperEVM Fits in Hyperliquid HyperEVM is Hyperliquid’s Ethereum-compatible execution environment. It lets developers port Ethereum-based applications onto the Layer 1 while still connecting to HyperCore and the wider Hyperliquid ecosystem, effectively extending the chain beyond its high-throughput perpetuals venue. For a compliance provider, that compatibility carries practical weight: the token standards and smart-contract patterns investigators already know from Ethereum now apply to Hyperliquid’s chain, so fund-flow tracking and transaction investigation work through familiar interfaces rather than bespoke tooling.

Compliance Infrastructure Catches Up to a Busy Network The move arrives as Hyperliquid draws attention from developers and enforcement alike. Arkham recently reported that the Lazarus Group sold more than $30 million in bitcoin on Hyperliquid, underscoring why monitoring tools for the network matter. Separately, the Hyperliquid Policy Center has asked the CFTC to allow energy perpetual contracts in the U.S., a sign that the platform’s regulatory footprint is expanding as quickly as its trading activity. By extending coverage now, Chainalysis positions its customers to screen an ecosystem that is still adding tokens and use cases by the day.

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Five altcoins carry more near-term upside than Ethereum (CRYPTO: ETH) or XRP (CRYPTO: XRP) heading into Q4, according to a widely-followed cryptocurrency influencer.

Why the Macro Sets Up the Alt TradeAltcoin Daily argued in a YouTube video on Thursday that the debasement trade driving Bitcoin higher creates the conditions for altcoin outperformance in Q4. 

Pantera Capital’s Dan Morehead noted in the video that the US Treasury is printing roughly $2 trillion in excess annually, making hard assets and crypto the logical beneficiaries.

The Five Altcoins Worth Watching1. Hyperliquid (CRYPTO: HYPE) — US market entry talks with Kraken’s parent Payward are advancing through subsidiary Bitnomial. Trump publicly endorsed a compliant US pathway, and Grayscale’s Hyperliquid Staking ETF (NASDAQ:HYPG) crossed $123 million in AUM within 30 days of launch.

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2. Chainlink (CRYPTO: LINK) — The US Department of Commerce is now using Chainlink to bring official GDP, PCE, and economic data on-chain across 10 blockchains, giving applications live access to US government figures in real time.

3. Bittensor (CRYPTO: TAO) — DCG founder Barry Silbert argues the rush to acquire open-source AI will eventually point investors toward TAO, citing Nvidia’s reported acquisitions of Poolside for $6 billion and Hugging Face for $122.9 billion as proof of concept.

4. Uniswap (CRYPTO: UNI) — Record activity with 7 million swaps in a single day and 82 swaps per second across all chains, fueled by Robinhood (NASDAQ:HOOD) Chain volume. The protocol also upgraded its tokenomics to direct more revenue into buybacks.

5. Solana (CRYPTO: SOL) — On-chain tokenized equity holders reached a record 1.9 million, up 134% month over month from under 100,000 just 10 months ago, with users trading real-world assets around the clock.

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Key Highlights HYPE surged to an all-time high of $88, registering gains exceeding 51% over the past 30 days An unidentified large holder has amassed 2.9 million HYPE tokens valued at more than $220 million The Hyperliquid protocol has executed $379 million in HYPE token buybacks during 2026 Technical indicators show price momentum above critical moving averages, with $100 emerging as the next significant milestone Market sentiment received a boost after President Trump discussed potential US expansion for Hyperliquid exchange The native cryptocurrency of Hyperliquid, HYPE, established a fresh all-time high at $88 on September 4, 2026. Currently, HYPE is valued at $85.78 with daily trading volume reaching $1.53 billion and a market capitalization of $21.63 billion. The digital asset has appreciated 5.2% in the last 24 hours and posted gains surpassing 51% throughout the previous month.

Hyperliquid (HYPE) Price This upward movement represents a significant rebound from levels near $50 recorded in early August. HYPE has steadily advanced toward the $90–$95 resistance zone, with market participants monitoring the psychologically important $100 level as the subsequent major objective.

Multiple catalysts contributed to HYPE achieving its latest peak. The Hyperliquid trading platform experienced substantial user growth earlier this year as market participants flocked to trade oil futures contracts, attracted by the platform’s round-the-clock operation. Increased trading volumes generated higher fee revenue, which the protocol systematically uses to repurchase HYPE tokens, effectively decreasing the available supply.

During a cryptocurrency-focused event at the White House, President Trump revealed that CFTC Chairman Michael S. Selig is actively pursuing efforts to establish Hyperliquid exchange operations within the United States. While no specific timeline was provided, this announcement significantly improved market confidence.

Market analyst Jelle emphasized HYPE’s robust upward trajectory, commenting on the token’s substantial gains since previous accumulation zones. Several traders are strategizing to secure partial profits approaching $100 while maintaining the majority of their holdings in anticipation of extended price appreciation.

Nevertheless, some market observers maintain caution regarding near-term prospects. Cryptocurrency analyst BATMAN identified a bearish divergence pattern at the recent local peak and recommended monitoring the $70 zone as a critical support level for potential re-entry into long positions.

Major Holder Accumulation Boosts Market Confidence Blockchain analytics provided by Lookonchain reveal that an unidentified wallet designated as 0x6436 has been systematically accumulating HYPE. This address initially acquired 1.28 million HYPE at approximately $70 three months prior, investing roughly $89.13 million. Throughout the most recent 10-day period, this wallet purchased an additional 1.62 million tokens at a mean price of $82.40, representing approximately $133.8 million in capital deployment. The address currently controls approximately 2.9 million HYPE tokens.

Token Repurchase Program Dominates Cryptocurrency Sector Statistics from Hyperliquid Daily indicate the protocol has allocated $379 million toward HYPE token repurchases thus far in 2026, positioning it as the cryptocurrency industry’s most substantial buyback initiative this year, surpassing both Pump.fun and Sky.

From a technical perspective, HYPE maintains trading positions above its 20-day exponential moving average at $77.76 and its 200-day exponential moving average at $55.84. Bollinger Bands are expanding, indicating heightened market volatility, with the upper band positioned near $95.46.

The immediate challenge centers on whether purchasing momentum can successfully breach the $90–$95 resistance zone.

Perpetual futures contracts on the decentralized exchange Hyperliquid have exploded in popularity over the past year, drawing traders with the ability to bet on crypto prices around the clock. However, Hyperliquid’s platform is not currently available to U.S. traders.

Now, President Donald Trump says his administration is working to bring Hyperliquid into the United States "in a fully compliant and legal fashion," raising a deceptively simple question: How?

Last month, Trump said the Commodity Futures Trading Commission would work to bring Hyperliquid into the U.S. Then, crypto exchange Kraken's parent company said it was working with the CFTC to offer registered U.S. users access to a selection of crypto perps linked to markets on Hyperliquid and its underlying Layer 1 blockchain through Bitnomial, a CFTC-regulated platform. 

That arrangement could allow Hyperliquid (HYPE) to provide certain parts of the underlying technology, liquidity, or market design, without actually opening its existing venue to people in the U.S., said Nansen Research Analyst Nicolai Sondergaard.

"It would be a separate U.S. product built around Hyperliquid’s infrastructure, and the final structure has not yet been formally announced," Sondergaard said in an email. 

That distinction between Hyperliquid's existing venue and a U.S. centric platform is important, Sondergaard added, because currently people in the U.S. can technically access Hyperliquid through the underlying chain, but Hyperliquid's terms restrict people in the U.S.

"The proposed arrangement would provide a formal route through a regulated intermediary, with KYC [know your customer], sanctions screening, customer-fund protections and a clear legal entity responsible for the product," Sondergaard said. "The trade-off is that U.S. users would probably get fewer markets, lower leverage and more conservative risk controls than users on the permissionless venue."

Still, Sondergaard said he doesn't think that should mean that Hyperliquid should be "fully KYC-gated."

"Blanket KYC would mainly remove privacy and permissionless access for legitimate users while pushing liquidity offshore," Sondergaard said. "A regulated U.S. access layer is more useful because it gives users a compliant option without requiring the entire global market to operate under one model."

CFTC-SEC Both the CFTC and its sister agency, the Securities and Exchange Commission, would likely need to be involved in writing revised interpretive rules involving custody and mechanics around current routing standards, former SEC senior counsel Ashley Ebersole told The Block, ahead of news of Payward's proposal. Ebersole is currently the co-founder and chief legal officer at real-world assets platform tx.

But the partnership between Bitnomial and Hyperliquid gives them a regulatory head start, Ebersole said.

"Partnerships of this type provide the regulatory infrastructure that would have added months or years to Hyperliquid’s US roadmap if pursued on its own," Ebersole said. "The assets to be offered still need to be approved, but Kraken and Bitnomial’s involvement materially accelerates the timeline for launching them here."

Some groups are pushing for both agencies to work together. In a letter last month, the Hyperliquid Policy Center urged the SEC and CFTC to adopt a harmonized framework for perpetual contracts.

The CFTC has already taken steps toward bringing perpetuals into regulated U.S. markets. In May, cleared the way for bitcoin perpetual futures contracts to be listed in the U.S when it greenlit KalshiEX and Coinbase to list the products. On Thursday, Coinbase said it filed a notice registration form with the SEC to get its sign-off to begin listing equity perpetuals.

Changing rules at the SEC and CFTC, however, is notoriously slow. Even if regulators moved quickly, revisions could take up to a year, Ebersole said.

Both the Trump administration and Trump himself have "very bullish views" on ensuring that the U.S. is the leader of the financial world, he said, but the 2028 presidential elections could shift those priorities.

"In a case like that, it really just becomes dependent on what the next administration's appetite is if you can't get it done in the remaining years of the Trump administration," he said.

A new era for markets For decades, U.S. markets have been built to operate largely from 9:30 a.m. to 4 p.m. ET and are closed on holidays and weekends. But that model has increasingly come under pressure as exchanges and other market operators move toward around-the-clock trading. Major venues such as CME already offer liquidity nearly 24 hours a day, five days a week.

If Hyperliquid were to launch an operational U.S. venue, it could add pressure on traditional markets to accelerate that shift.

"If theoretically Hyperliquid came onshore and was up and running in the U.S. and available to U.S. persons, then that would be additional motivation for existing markets to move in the direction of the features being offered on that new competitor," Ebersole said.

The growth of Hyperliquid and perpetuals has also raised concerns.

Mark Hays, associate director for cryptocurrency and financial technology with Americans for Financial Reform and Demand Progress, said the administration's push for platforms like Hyperliquid "has a checkered history" and can lead to financial instability.

"The Trump administration's efforts to pave the way for crypto firms like Kraken and Hyperliquid to get quick easy access to US markets isn't surprising - given the long pattern of collusion between the administration and the crypto industry - but it does suggest regulators are failing to heed the lessons of the past - which could have far-reaching impacts across all US financial markets," Hays said in an email.

CME CEO Terrence Duffy has repeatedly pushed back against crypto perpetuals, reportedly calling them a "disaster waiting to happen," and also sued the CFTC over the agency's approval of perpetual futures.

Legacy players want to defend their turf, said Ebersole, citing a brewing fight in Congress between banks and crypto over stablecoin rewards as lawmakers work to pass broader crypto legislation.

Those legacy stakeholders could do that by demanding that new entrants in perpetuals follow the current rules, he said.

"You can also take the regulatory angle and say those products shouldn't be offered in any case because they don't comply with the existing rulebook, which is why I think we're seeing changes in that rulebook would likely be needed to allow something like this to happen," Ebersole said.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Robinhood CEO: Tokenization will Bring U.S. Capital Market Advantages to the World

Robinhood CEO Vlad Tenev stated in a post that tokenization enables global users to access high-quality financial assets, bringing the advantages of U.S. capital markets to more investors in a globalized manner. He pointed out that while the current tokenization industry remains smaller than the global financial system, its benefits are growing increasingly hard to ignore. Tenev noted that traditional financial market infrastructure is built around fixed trading hours, closed networks and multi-layered intermediaries, and was not designed to meet demands such as "7×24 trading, programmable assets, composability and self-custody". He added that investor needs have evolved faster than the iteration speed of traditional financial infrastructure, and Robinhood is committed to driving this change. Tenev also noted that a growing number of entrepreneurs, liquidity providers, traders and infrastructure teams are collaborating to advance the sector, though tokenized finance is still in its early stages, and full participation by traditional financial institutions in this field will take time.

8 minutes ago

Router Protocol will fully shut down at the end of September, with 303 million ROUTE tokens to be permanently burned.

Cross-chain protocol Router Protocol announced in a statement that after more than four years of development, it has decided to formally cease operations, with plans to complete a full shutdown by September 30, 2026. Router Protocol noted that over the past two years, Web3 has faced persistent tight liquidity, massive capital flows shifting to AI, while cross-chain infrastructure has encountered challenges including compressed fees, high operational costs, and industry demand concentrating on a small number of blockchains. The team had attempted to sustain the project through commercialization, technology licensing, and acquisitions, but none of these efforts resulted in a viable model to support the protocol team’s long-term operations. According to the announcement, during the shutdown process, Router will permanently burn the 303,333,198 pending ROUTE tokens in its treasury, and will coordinate with centralized exchanges to delist ROUTE trading pairs and related listings. Users holding ROUTE on exchanges must withdraw their assets by the deadlines specified in each exchange’s delisting and withdrawal arrangements. Additionally, Router Protocol will not launch any new initiatives related to ROUTE, and plans to open-source some of its technical components to preserve the engineering achievements accumulated over the past four years. The team stated that this shutdown is not the outcome it had hoped for, but it is currently the most honest and responsible choice for the community.

8 minutes ago

Trump says Iran conflict 'not a major issue for the US': Current situation is not a state of war.

US President Donald Trump said on local time September 4 that the more than six-month US-Iran conflict is "small potatoes" for the US, adding that it is more appropriate to define it as a "military conflict" rather than a war. Trump noted that the US is currently only conducting "intermittent strikes" with no sustained fighting between the two sides, and he expressed understanding for Vice President JD Vance’s earlier remark that "it should not be called a war". Trump also stated that the conflict has killed 18 US service members, but its scale is "not large" compared to conflicts like the Vietnam War that claimed tens of thousands of US troops, while emphasizing that "losing even one person is too many". Trump further claimed that the US has achieved "significant results" on the Iran issue, with its core goal being to prevent Iran from acquiring nuclear weapons. According to reports, the conflict has driven up energy prices and brought domestic political pressure to the Trump administration. US public approval of Trump’s handling of the Iran conflict is low, and the Republican Party faces pressure to retain its congressional majority in the November midterm elections.

8 minutes ago

A $70 million Bitcoin movie has entered post-production, with its plot suspected to portray Craig Wright as Satoshi Nakamoto.

The film *Bitcoin*, directed by Doug Liman and starring Gal Gadot, Casey Affleck, Pete Davidson, Isla Fisher, and others, has a budget of approximately $70 million and is currently in post-production. Reportedly centered on Bitcoin’s origins and the identity of Satoshi Nakamoto, the movie leans toward portraying Craig Wright—who claims to be Bitcoin’s inventor—as Satoshi Nakamoto, a premise that has sparked controversy in the crypto community. Content creator Terence Michael noted that the film may push the narrative that "Craig Wright is Satoshi Nakamoto" to mainstream audiences, further intensifying the debate over Satoshi Nakamoto’s true identity. Earlier, a UK court ruled that Craig Wright is not Satoshi Nakamoto, and the related controversy had cooled down for a time. The film is written by Nick Schenk, produced by Ryan Kavanaugh and Lawrence Grey, with Wright supporter Calvin Ayre also involved; no major US distributor has been confirmed for the project yet.

8 minutes ago

Over the past 24 hours, the Ethereum network recorded a net inflow of $46.47 million, while Robinhood Chain saw a net outflow of $21.07 million.

According to Defillama data, on-chain funds over the past day have clearly concentrated on the Ethereum mainnet and a small number of legacy Layer 1s. Ethereum saw a net inflow of $46.47 million, roughly 4.5 times that of second-place Solana. On the flip side, Robinhood Chain, Arbitrum, Hyperliquid and other platforms combined for a net outflow of over $100 million, reflecting a rebalancing trend of "flowing back to Ethereum, exiting Layer 2s". Robinhood Chain, the day’s largest net outflow source, is a broker-led Layer 2 launched in July 2026 based on Arbitrum Orbit. In the past two months, it has ranked among the top in Meme and tokenized stock trading volume, with its on-chain fees once even surpassing those of Ethereum, Solana and Base; however, its daily bridged funds have turned net outflow. Arbitrum, Base and Polygon also saw net outflows, bringing the total net outflow of the four major Layer 2s (including Robinhood) to around $69.55 million. Perpetual contract public chain Hyperliquid recorded a net outflow of $18.34 million, nearly on par with Arbitrum. New stablecoin settlement chains are also experiencing capital outflows: Tether’s Plasma saw an outflow of $13.27 million, Stripe-incubated Tempo and Tether ecosystem’s Stable registered outflows of $3.45 million and $2.99 million respectively.

8 minutes ago

A mysterious crypto whale has bought another 343,000 HYPE tokens, bringing its total holdings to 3.24 million HYPE, all of which are staked.

According to Lookonchain’s monitoring, the mysterious whale address 0x6436 has purchased an additional 343,000 HYPE tokens, valued at approximately $29.09 million. As of now, the address has accumulated a total of around 3.24 million HYPE tokens, with a total value of roughly $252 million, and has staked all of its HYPE holdings.

8 minutes ago