A crypto trader earned over $38 million in profit from $HYPE token trades, with $HYPE's circulating supply dropping by 24 million tokens.
The trader bought 1.21 million $HYPE tokens for $5.2 million six months ago and sold 131,137 tokens for $4.7 million on June 9, 2025.
Hyperliquid's consolidation around $35.84 per token triggered increased capital inflow, strengthening fundamentals and creating volatility anticipation.
Analysts suggest a potential price dip to $25–$30 support zone before a run towards $37 and above, with signals pointing towards bullish trends and growth potential.