HYPE continues to align closely with Bitcoin’s performance, moving in tandem with its highs and lows. Recent whale activity, particularly a notable $250 million long position in Bitcoin, signals potential bullish trends for HYPE, especially if liquidity on Hyperliquid remains strong.
Hyperliquid has recently recorded the highest trading fees among major protocols, generating $3.1 million, showcasing heightened user engagement. The Total Value Locked in Hyperliquid surged to $505.41 million, reflecting significant deposits and reinforcing positive market sentiment for HYPE.
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