Hyperliquid (HYPE) jumped 12.8% on March 1, climbing to $30.78 after blockchain data revealed a $4 million whale accumulation during the Asian trading session. Daily trading volume surged to $769 million, pushing the token’s market capitalization to $7.95 billion, according to CoinGecko data at the time of writing.
The token’s price increase was accompanied by significant whale accumulation. According to data provided by Onchain Lens, the whale spent $4 million purchasing Hyperliquid using USDC.
The whale spent the money purchasing 145,741 HYPE tokens at an average price of $27.45. At the current trading level, the whale is making an unrealized short-term profit of over $500,000.
In November 2025, there was significant market analysis concerning the token’s performance. The analysis was based on the weekly chart and showed the token breaking the structure. At the time, the token was trading at around $40, and projections pointed toward a possible decline to the $14.50 region.
Following that outlook, the token experienced a steep correction, sliding to approximately $20. The drop represented nearly a 50% decline from local highs and aligned with a large fair value gap visible on higher timeframes. That $20 zone acted as a key technical level, attracting buying interest after the structural shift.
From the trough around the $20 price point, the price has made an impressive move to rise to the $38 price point and then fall to the current price point around $30. Though the price has made an impressive move, it has not confirmed the trend reversal on the higher time frame.
Also Read | Ethereum Targets Next Growth Phase With Powerful Scaling and ZK-EVM Roadmap
To continue the trend to the upside, the price may need to fall to the $21-$24 price point, which is the source of the daily breakout. Therefore, the price may need to fall to the $21-$24 price point and then rise to the $30 price point to create a strong base.
If the price manages to rise to the $30 price point, the price may attempt to rise to the $40 price point and possibly test the recent price points. This would mean that the bulls are gaining more power on the higher time frames.
On the flip side, the price may fall to the $21 price point on the daily chart and possibly fall to the $14.50 price point, which is the November projection target and the source of the weekly bearish trend. Therefore, the price may fall to the $14.50 price point and possibly test the recently acquired price points on the higher time frames.
Currently, the Hyperliquid token is at the crossroads and may attempt to rise to the $30 price point and possibly test the $40 price point or fall to the $14.50 price point and possibly test the recently acquired price points on the higher time frames.
Also Read | Is Injective (INJ) Preparing For The Next Big Bull Wave After 95% Decline
