Hyperliquid Price Prediction: HYPE Eyes $44.16 Amid $10M Whale Accumulation

Hyperliquid (HLP/USD) has been on fire, going from under $30 to $41.55 as whale activity surges and the broader crypto market rebounds.

Written by: Arslan Butt • Wednesday, June 11, 2025 • 2 min read

• Last updated: Wednesday, June 11, 2025

Quick overview

Hyperliquid (HLP/USD) has surged from under $30 to $41.55, driven by increased whale activity and a rebound in the broader crypto market.
Daily trading volume has reached $500 million, with a market cap of $14 billion, making it one of the top DeFi tokens this cycle.
Key factors for the rally include whale accumulation, real-world utility in DeFi, and speculation around upcoming upgrades.
Analysts predict potential price appreciation towards $44.16 if support levels hold, despite some bearish momentum indicators.

Hyperliquid (HLP/USD) has been on fire, going from under $30 to $41.55 as whale activity surges and the broader crypto market rebounds. In the last 24 hours, daily volume has hit $500 million and market cap has reached $14 billion. It’s outperforming many blue chip crypto assets and is now one of the top DeFi tokens of this cycle.

A big catalyst? Whale accumulation. According to Spot On Chain, a single wallet just bought 259,367 HYPE tokens worth nearly $10M to add to an already profitable position.

Other large buys:

70,617 HYPE at $35.40 (~$2.5M)
28,500 HYPE at $35.09 (~$1M)
57,372 HYPE at $24.95 (~$1.45M)

This buying pressure reduces circulating supply and often leads to stronger support and a sustained uptrend.

Ecosystem Momentum and Market Narrative

The rally isn’t just speculative. Hyperliquid’s ecosystem is growing fast with new DeFi integrations, exchange listings and partnership announcements backing up the value.

Three drivers of the rally:

Real world utility across DeFi platforms
Institutional grade liquidity improvements
Speculation around upcoming upgrades

With sentiment strengthening, analysts think Hyperliquid is building the base for further price appreciation if macro stays favorable.

HYPE Price Prediction: Eyes on $44.16

Technically HLP is holding within an ascending channel since June 8. It’s currently at the lower boundary near $41.37, a level that was resistance and now support. The 50-EMA at $39.91 is providing dynamic support.

Hyperliquid Price Chart - Source: Tradingview — Hyperliquid Price Chart – Source: Tradingview

However the MACD has crossed bearish and the histogram is negative – momentum is cooling. Price action is showing indecisive candles with upper wicks – short term resistance. Still bullish structure.

Trade Setup

Entry: Above $41.60 on a confirmed bounce
Stop-loss: Below $39.90 (under 50-EMA)
Target 1: $43.01
Target 2: $44.16* Risk: Moderate – wait for MACD support or a bullish candle

Conclusion

Hyperliquid’s momentum is backed by whale accumulation, ecosystem growth and a clean structure. If price holds support and breaks $42 again HYPE could hit $44.16 short term. If it fails to hold above $39.90 it could retest $38.67. For now the bulls are in control – but confirmation is key.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Open a FREE Trading Account

ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.