TLDR:
- $22.5M in USDC deposited by five linked wallets into Hyperliquid.
- One wallet bought nearly 100K HYPE at $43.3 average, others remain idle.
- HYPE gains 8% in 24 hours after Bybit spot listing boosts liquidity.
- Technicals show bullish momentum but near-term resistance at $45.29 remains.
Over the past hours, a substantial influx of capital has entered the Hyperliquid ecosystem, indicating growing investor interest.
Five wallets, reportedly linked to a single entity, each transferred $4.5 million in USDC, totaling $22.5 million. One of these wallets has already executed a major HYPE purchase, while the rest remain idle or set with limit orders.
Meanwhile, HYPE has been climbing steadily, following Bybit’s spot listing and rising crypto market optimism. Bitcoin’s push above $117,000 appears to be fueling broader appetite for high-beta assets like HYPE.
Large Capital Moves Point to HYPE Accumulation
According to Spot On Chain, one wallet purchased nearly 100,000 HYPE tokens for $4.33 million, averaging $43.30 per token.
Another wallet placed a $4.5 million limit buy order, while the remaining three wallets, holding $13.5 million combined, have yet to take action. These synchronized deposits suggest possible coordinated accumulation as price momentum builds.
Possible big $HYPE buys brewing?
Over the past 10 hours, 5 wallets (likely linked to one entity) each deposited $4.5M $USDC into #Hyperliquid—totaling $22.5M.
• 1 wallet has bought 99,931.55 $HYPE for $4.33M at an average price of $43.3.
• 1 wallet is placing $4.5M in limit… pic.twitter.com/3bPbNtqZ9s— Spot On Chain (@spotonchain) July 11, 2025
This development aligns with broader market sentiment. Bitcoin’s breakout to a new all-time high is boosting risk appetite across altcoins. As HYPE gains exposure, the potential for continued capital rotation into Hyperliquid grows stronger.
GeckoTerminal reported an 8% 24-hour gain for HYPE, with a 10% increase over the past week. The recent listing of HYPE on Bybit’s spot market has introduced greater liquidity and expanded access. Traders now have more reliable routes to enter or exit positions, helping stabilize order flow.
The timing of this listing coincides with the USDC inflows and comes as technical momentum builds. Enhanced visibility on major exchanges often fuels further buying, particularly when backed by bullish sentiment.
HYPE Technicals Show Strength, but Near-Term Resistance Looms
On the HYPE/USDT daily chart, the price has broken past the $43 resistance and now sits near $45.29, just below its ATH of $45.57.
According to a chart analysis, the asset remains in a strong uptrend, supported by bullish Ichimoku Cloud signals. The price is above the cloud, and Tenkan-Sen leads Kijun-Sen, confirming upward momentum.
However, the RSI is hovering around 67, suggesting that the token is nearing overbought levels. Bollinger Bands show increased volatility, with price testing the upper boundary.
The $45.29 level is acting as short-term resistance. Further upward movement may require consolidation. If a pullback occurs, support lies at $40, near the Ichimoku Cloud baseline and previous resistance.
Volume has increased alongside price, reflecting strong market interest. MACD indicators support continued upside, though short-term cooling may be necessary before another leg higher.
As funds continue flowing into Hyperliquid and technicals remain favorable, all eyes remain on whether HYPE can push through its current ceiling or face a healthy correction.
The post $22.5M in USDC Hits Hyperliquid as HYPE Price Nears New ATH appeared first on Blockonomi.
Source: https://blockonomi.com/22-5m-in-usdc-hits-hyperliquid-as-hype-price-nears-new-ath/