- A trader turned a $5.2M $HYPE buy into $42M—eight straight winning trades helped.
- Fundamentals like revenue growth and token burn back the price action, not just hype.
- Analysts eye a short-term dip before potential fireworks toward $50.
One sharp crypto trader just pulled off a monster play—pocketing over $38 million in profit off some well-timed $HYPE token moves. According to Lookonchain, wallet 0xda3c nailed eight straight perpetual trades on $HYPE… yeah, all winners. Just those trades alone banked nearly $2 million in realized gains.
But the real jackpot? Six months back, this trader scooped up 1.21 million $HYPE tokens at $4.30 each, dropping about $5.2 million. Fast forward to now, and that position? It’s ballooned to around $42.2 million. Talk about catching lightning in a bottle—this kind of return only comes when timing, momentum, and guts line up perfectly.
Hyperliquid’s Action Heats Up
On June 9, the trader cashed out a slice—131,137 tokens—for $4.7 million, with the price hovering near $35.84. That kind of chunk being offloaded? Yeah, it shakes things up, especially on DEXes where liquidity’s thinner. It didn’t tank the price, but it sure got people’s attention.
Now, even though the price is cooling a bit around $35, things under the hood are looking good. Open interest is creeping up toward $1 billion, and more capital’s flowing in. Plus, the launch of HyperEVM’s gotten devs buzzing. A dip back to the $30 mark? Could happen. But that might just be a breather before another leg up.
Fundamentals Add Real Fire to the HYPE
Forget the hype (well, kinda)—this token’s got serious fundamentals too. Revenues jumped 500%, and over 24 million tokens got pulled out of circulation. That’s a huge supply shock. When you mix that with growing demand, it’s a recipe for some pretty crazy price moves.
Analyst NMTD8 says HyperEVM’s already one of the top EVM chains out there. And liquidity through Hyperunit is growing fast. So even if you’re not into the hype part, this setup screams value to long-term investors who are looking past the noise and watching the structure.
Could a Quick Drop Come First?
According to PikaCrypto, we might see a drop down to the $25–$30 zone before things heat up again. That dip could clear out some overleveraged longs, reset liquidity, and then… boom—maybe we’re off toward $37, $40, or even higher.
HYPEconomist points to liquidation clusters around $30. If price revisits that zone? It could ignite a push straight toward $50. Technicals show tightening, sentiment is still leaning bullish, and fundamentals are holding strong. So now, everyone’s just waiting for that next big breakout trigger.
