Recent activities of major investors in HYPE cryptocurrency draw attention to upcoming market events and potential price changes.
Large Inflows into HYPE
Four wallets collectively deposited $6.14 million in USDC into Hyperliquid, purchasing HYPE tokens just seven hours ago. One newly created address alone contributed $1 million, acquiring 25,507 HYPE at an average price of $39.2.
$40 Million in HYPE to be Unstaked
Ahead of the Kinetiq platform launch on July 15, over 1 million HYPE, worth approximately $40 million, is set to be unstaked. Three whale addresses account for 847,000 of that total, indicating a coordinated shift in token positioning.
Short Squeeze Potential in HYPE
According to Coinglass, the current HYPE price is just below a major cluster of short positions. If the asset crosses $42, a short squeeze could follow, potentially triggering over $6 million in liquidations. However, liquidation pressure appears limited below $32.
Thus, the activity of major investors and forthcoming events such as the HYPE unstaking and Kinetiq launch create conditions for significant market changes.
