Hyperliquid (HYPE) Hits Fresh All-Time High Amidst Whale Accumulation

Hyperliquid (HYPE) has emerged as one of the strongest-performing tokens in the crypto market, defying broader market underperformance. On June 16th, HYPE hit a fresh all-time high of $76.95, with its year-to-date return reaching approximately 179.45%. Large investors have resumed accumulation efforts after a brief lull.

According to on-chain data from On-chain Lens, notable whales such as Garrett Jin have started buying HYPE again. Jin's recent purchases include acquiring 71,092 HYPE worth around $5.06 million and another whale purchasing 50,000 HYPE worth $3.58 million while holding a balance of roughly 200,000 HYPE worth $14.33 million.

Whale accumulation typically strengthens an asset's outlook as it signals potential for further gains. Retail traders have driven HYPE's recent rally, especially after the token reached its all-time high. A metric known as whales-retail delta indicates that retail investors hold control since June 9th, with a reading of -0.095.

Spot-flow analysis reveals heavy selling over the past ten days, totaling $55.51 million in net sales. However, liquidation-heatmap analysis suggests HYPE still has upside potential, with unfilled liquidity orders extending as far as $79.