Hyperliquid HYPE ETF inflows, whale buys, ATH; Cboe perp conversion; $10B OI; whale Garrett Jin trades; new whale rotates from ETH to HYPE
Key Questions
What is the current status of HYPE token and open interest?
HYPE reached an ATH of $76.90 with $10B in open interest, capturing 53% of the perp market share. This reflects strong trading activity and market dominance.
How have HYPE ETFs performed in terms of volume?
HYPE ETFs surpassed $900M in trading volume within one month of launch. This demonstrates rapid institutional interest in the product.
What is Cboe considering regarding perpetual futures?
Cboe is evaluating the conversion of existing BTC and ETH futures into perpetual contracts. This could expand perp trading options on traditional exchanges.
What whale activity has been observed with HYPE?
Whale Garrett Jin sold then repurchased HYPE, while another whale rotated $8M from ETH into HYPE for unrealized gains. These moves highlight capital rotation from ETH.
What does BitMEX analysis suggest about HYPE's future drivers?
BitMEX notes the buyback narrative is priced in, shifting alpha focus to supply unlocks versus revenue growth. Capital continues rotating from BTC toward HYPE and SOL.
HYPE holds ATH $76.90, $10B OI, 53% perp market share. HYPE ETFs surpass $900M volume in one month. Multicoin targets $319 by 2028, citing structural advantages. Cboe weighing conversion of BTC/ETH futures into perps. Whale Garrett Jin sold then re-bought HYPE. New whale rotated from ETH to HYPE with $8M unrealized profit. BitMEX analysis suggests HYPE buyback story is consensus and priced in—real alpha now is supply unlocks vs revenue growth. Capital rotation from BTC to HYPE/SOL continues.