Whales Dive Deep: $6M Pour into HYPE, Setting Stage for July 15 🐳💰

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TL;DR

  • $40M in HYPE will be unstaked before July 15, likely for staking via Kinetiq’s new platform.
  • Liquidation data shows a major short cluster near $42, suggesting potential for a sharp short squeeze.

Whales and Their Mysterious Ways: A Tale of HYPE and Fortunes

It is a truth universally acknowledged, that a single man in possession of a good fortune must be in want of a digital token. And so it is with the whales of the crypto world, who, in their infinite wisdom, have seen fit to pour a sum of $6.14 million in USDC into Hyperliquid, purchasing HYPE tokens a mere seven hours ago. One newly created address, no doubt a gentleman of considerable means, contributed a cool $1 million, acquiring 25,507 HYPE at an average price of $39.2. 🤑

4 wallets deposited 6.14M $USDC to Hyperliquid to buy $HYPE 7 hours ago.

Wallets:
0x2615482299998de7DB726c34f9a14d9546009697
0xe644C02bFB9f4bf0256F3335a120Cd5f2d3C0402
0xFC82B4225120Db7C257AD8c69A8CF07319BFB88b
0x721Cedd6Fe743eBd0AC84fED7e09503dBaB22072

— Lookonchain (@lookonchain) July 9, 2025

Notably, this activity occurred during a period of rising market volatility, a time when even the most seasoned investors might be tempted to seek the comfort of a well-padded armchair. The HYPE price, at press time, traded at $39.07, with a 24-hour trading volume of over $230 million. Hyperliquid’s native token has gained 5.35% in the last 24 hours and 3.93% weekly, a performance that has not gone unnoticed, especially with whale wallets increasing their exposure during this sensitive price phase. 📈

Over $40M in HYPE to Be Unstaked: A Strategic Maneuver

Ahead of the Kinetiq platform’s launch on July 15, over 1 million HYPE—worth approximately $40 million—is being unstaked. Three whale addresses account for 847,000 of that total, a coordinated shift that suggests a well-orchestrated plan. The unstaking period is aligned with a 7-day window following the Kinetiq announcement, and market watchers expect these tokens to be restaked through Kinetiq, a new liquid staking platform that supports validator scoring and institutional access via iHYPE. The protocol has already partnered with FlowDesk and IMC Trading for deployment. 🤝

Additionally, Hyperliquid’s ecosystem continues to grow, with Phantom now offering perpetual trading access directly through its wallet interface. The feature is initially available to users in the EU, using Hyperliquid’s API to maintain non-custodial control. This integration marks another step in expanding the protocol’s reach, adding utility for HYPE holders and traders seeking permissionless exposure to derivatives without leaving their wallets. 🚀

Introducing: Phantom Perps

Go long or short in just a few taps.

100+ markets. Up to 40x leverage. All in your pocket.

Powered by @HyperliquidX

— Phantom (@phantom) July 8, 2025

Liquidation Map Suggests Short Squeeze Potential: A Game of Cat and Mouse

According to Coinglass, the Hyperliquid liquidation map indicates that the current HYPE price is just below a major cluster of short positions. If the asset crosses $42, a short squeeze could follow, potentially triggering over $6 million in liquidations. Long liquidation pressure appears limited below $32, suggesting that downside risk may be less intense, especially as whales prepare to transition their HYPE holdings into staking via Kinetiq, rather than selling. The data points to strategic movement rather than exit activity. 🎲

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2025-07-09 11:29