A fresh Hyperliquid whale wallet has dropped over $21 million into the token, triggering renewed bullish momentum. The purchase coincides with record daily trading volumes and an ongoing buyback program, creating a charged setup.
Prices have surged in the past week, edging closer to all-time highs. The move has both traders and onlookers watching the next resistance levels closely.
According to blockchain tracking from Spot On Chain, the wallet identified as “0xa52” acquired 466,421 HYPE at an average price of $45.69.
The position is already in profit, gaining over $1.2 million within hours. This aggressive entry came alongside a separate $2.21 million buy of FARTCOIN, indicating the whale is spreading bets across high-momentum assets.
Big $HYPE purchases spotted on #Hyperliquid!
8 hours ago, fresh whale “0xa52” dropped $21.31M $USDC to scoop 466,421 $HYPE at $45.69 on average — now up $1.23M (+5.79%).
The whale also aped into 2.16M #FARTCOIN for $2.21M at $1.02 each.
Follow @spotonchain and track this whale… pic.twitter.com/dvkcsS7Fto
— Spot On Chain (@spotonchain) August 15, 2025
Market data from CoinGecko shows HYPE trading at $48.56, up 3.74% in the past day and nearly 19% on the week. This rally has pushed the token just short of its $50.82 all-time high. Analysts point to $45.79 as the immediate support level that could anchor a sustained push higher.
Finish, a trader active on X, reported entering at $39.5 during a consolidation phase. He noted that daily trading volume has never been higher, while buybacks continue to absorb supply. These factors, he argued, strengthen the likelihood of a breakout beyond current highs.
The daily chart, shared by Finish, shows a clean breakout from a multi-week consolidation range. The next upside target lies at $50.82, with a confirmed close above that level signaling fresh territory for the token.
great green dildo on $HYPE
We aped at $39.5, and it seems we will break ATH soon
Metrics have never been this bullish, with daily volume ATH and massive buybacks
accumulate while it's not too late https://t.co/ThJnaVR55f pic.twitter.com/BEgBk3jVa6
— Finish
(@0xFinish) August 15, 2025
Not all moves have been one-directional. Hyper_Up, another market observer, highlighted recent sharp pullbacks from fractal points at $47.84 and $48.58. These reversals sent price into the mid-range of a trading channel formed from $35.5 before bulls regained control.
He noted a missed buy order at $40 as price rebounded from $42.20. This bounce signaled that buyers remain active even on intraday dips. The market then rallied toward $49.59, narrowly missing a new high.
Price action now sits at a critical juncture. If bulls break through $49.88, momentum could carry into uncharted levels. A failure here could see a retest of supports near $45 and $42.
The $50 level remains the psychological and technical barrier for HYPE. Traders are split between expecting an immediate breakout or a pullback to build more support. With whale positions in profit and volume still elevated, the bias leans toward continued pressure on resistance.
Spot On Chain’s data and commentary from active traders suggest the market is primed for decisive action. The next sessions will reveal whether the current run can deliver a clean move into new highs or if the token pauses for another round of accumulation.
The post $21M Hyperliquid Whale Push Shoves HYPE Price to the Edge of All-Time High appeared first on Blockonomi.
Also read: Arthur Hayes on the Move Again: Here’s What He Bought Today
