Hyperliquid extends rally as HYPE gains roughly 50% on buybacks, institutional inflows and strong fee demand
first published 2026-05-23T22:44:37Z
A wallet tied to Arthur Hayes deposited 115,453 HYPE tokens, worth about $6.33 million, into Bybit after Hayes previously said HYPE could reach $150. The same wallet withdrew the tokens from Bybit a month earlier at about $39.58 each, creating a large unrealized gain. The transfer may indicate potential selling, though it could also be for collateral or rebalancing.
AI Analysis
The article reports a large HYPE deposit to an exchange after a strong price call, which may signal possible selling pressure. It is a concrete on-chain transfer involving a sizable amount, making it moderately relevant for short-term trading.
Expected Investor Sentiment: Bullish
Potential Market Impact: High
Source Articles
- Arthur Hayes-Linked Wallet Deposits $6.33M in HYPE to Bybit After Calling $150 Target - Bitcoin.com
- Hyperliquid buybacks, not ETFs, may be driving HYPE’s record run - Crypto News
- HYPE Brothers Wax, ETH Brothers Wane – Week In Review - Bitcoin.com
- Hyperliquid (HYPE) Tanks 25%, But the Price is Somehow Up - U.Today
- Will XRP Hit $1 Next?; Bollinger Bands Keep $91,500 Bitcoin Prediction Alive; Dogecoin Drops to 10th as Hyperliquid Surges - Morning Crypto Report - U.Today
