While the crypto market starts 2025 slowly, Amber Group has increased their HYPE token holdings to 730,749 despite its recent 15% price drop.
Current Crypto Market Situation
The broader crypto market had a slow start in 2025, contrary to the brief bull run in December 2024. Bitcoin trades at $94K, with Ether steady at $3.3K. Altcoins also had a dull start, except for some memecoins and AI agent tokens.
Reasons for HYPE Price Decline
In 2024, the Hyperliquid token saw a 100% surge due to a $1.6 billion airdrop. However, the price has declined by 15% over the past week. This downturn may be linked to issues of validator decentralisation raised by the Hyperliquid community, which the company addressed in a clarification.
Institutional Investment in HYPE
According to on-chain analysis platform Spot On Chain, Amber Group bridged 4.88 million USDC to Hyperliquid for HYPE tokens, buying 342,845 HYPE worth $7.22 million at an average price of $21.06. Currently, their wallet holds 730,749 HYPE valued at $16 million.
Despite current challenges facing Hyperliquid, institutional investors continue to show interest in HYPE. Regaining community trust may lead to a new price rally for the token in the coming months.
