While the rest of the crypto market and altcoins faced some selling pressure, Hyperliquid price gained 15%, outperforming peers while entering the top twenty crypto list. Crypto traders continue to remain bullish, with a new wallet opening a 5x leverage long position for HYPE.
Hyperliquid Price Rally to Continue Amid Whale Positions
A newly activated wallet has recently drawn attention after withdrawing 2 million USDC from Coinbase and transferring it to HyperLiquid. The wallet then executed a 5x leveraged long position on HYPE, entering the trade at a price of $20.03, as per data from Hypurrscan.
Source: Hypurrscan
This substantial move has sparked interest in the trading community, with analysts watching closely for market impacts and potential price volatility in HYPE.
The Hyperliquid price surge of more than 72% over the past month has grabbed investors’ attention, as the altcoin clinches a crucial resistance of $20, eyeing another 50% rally ahead. However, our HYPE price predic
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