Hyperliquid eyes 55% price rise after Silicon Valley investor's 'massive HYPE buy'
Cointelegraph
Hyperliquid's HYPE token may rally 55% following significant accumulation by a wallet linked to a16z and a bullish technical cup-and-handle pattern.Summary
The HYPE token is signaling a potential 55% price increase, targeting record highs of $71–$72, supported by a bullish cup-and-handle technical chart pattern. This momentum is bolstered by reports of a massive accumulation of $90.87 million worth of tokens by a wallet linked to a16z. Furthermore, institutional interest is expected to grow due to recent HYPE ETF launches and enhanced stablecoin infrastructure on the Hyperliquid platform.
(Source：Cointelegraph)