HYPE price has surged by 300%, breaking past key resistance levels and reaching a new all-time high of $38.75.
Whales like James Wynn and wallet 0x82d8 made significant profits from bets on Hyperliquid and contributed to the token's renewed market interest.
James Wynn withdrew $28M USDC from Hyperliquid after making $25.2 million in profit from recent trades, despite initial losses, while 0x82d8 secured a total profit of $28.4 million from selling a part of their HYPE holdings.
Recent whale moves in Hyperliquid have attracted more attention to the token, with traders anticipating continued regulatory talks to support HYPE's further rise.