Something weird is happening on $HYPE right now. A whale just staked 2.93 million HYPE, about $172 million, while funds like Multicoin queued $150 million to pull OUT. Same week. Opposite direction.
That withdrawal fear knocked the price down 8%, straight into $57, right on the 100 day moving average. But look at what's actually happening under the hood, open interest just hit $11.5 billion, the highest level since the October 2025 crash. That's real trading activity, and Hyperliquid pumps almost all of its fees straight into HYPE buybacks. More volume means more buybacks means less supply on the market.
Add BitMEX shutting down in September and its traders have to land somewhere. This is one of the obvious spots.
I'm buying between $55 and $58. Stop loss at $51, if the 100 day average breaks I'm out no questions asked. Target is $68, back toward where this whole thing started before the withdrawal panic hit.
Are you buying this dip or waiting for more blood?
That withdrawal fear knocked the price down 8%, straight into $57, right on the 100 day moving average. But look at what's actually happening under the hood, open interest just hit $11.5 billion, the highest level since the October 2025 crash. That's real trading activity, and Hyperliquid pumps almost all of its fees straight into HYPE buybacks. More volume means more buybacks means less supply on the market.
Add BitMEX shutting down in September and its traders have to land somewhere. This is one of the obvious spots.
I'm buying between $55 and $58. Stop loss at $51, if the 100 day average breaks I'm out no questions asked. Target is $68, back toward where this whole thing started before the withdrawal panic hit.
Are you buying this dip or waiting for more blood?