$HYPE got the #Binance listing everyone wanted. Price still sold the event.
$HYPE was near $98 before spot trading opened on Binance. It’s around $92 now.
Normally I’d just call that a classic sell-the-news move and move on.
But there’s another side to it.
A wallet linked to #Hyperliquid Strategies bought another 494,200 HYPE worth ~$45.8M after the listing. Over the past month, that wallet has accumulated roughly 5.51M HYPE worth $476M.
So there’s a real tug-of-war here: new Binance liquidity gave sellers an exit, while a large treasury buyer keeps absorbing supply.
For me, $98 matters more now than the listing headline.
Reclaim it and the post-listing selloff starts looking like absorption.
Keep failing below it despite that buying pressure, and that tells a very different story.
$HYPE was near $98 before spot trading opened on Binance. It’s around $92 now.
Normally I’d just call that a classic sell-the-news move and move on.
But there’s another side to it.
A wallet linked to #Hyperliquid Strategies bought another 494,200 HYPE worth ~$45.8M after the listing. Over the past month, that wallet has accumulated roughly 5.51M HYPE worth $476M.
So there’s a real tug-of-war here: new Binance liquidity gave sellers an exit, while a large treasury buyer keeps absorbing supply.
For me, $98 matters more now than the listing headline.
Reclaim it and the post-listing selloff starts looking like absorption.
Keep failing below it despite that buying pressure, and that tells a very different story.
