Bitwise add $24M HYPE as Hyperliquid dey rally near ATH
Bitwise-linked wallets add about $24M HYPE (336,474 tokens) inside roughly 12 hours, keeping strong product-linked demand behind Hyperliquid’s record rally. Earlier reports said Bitwise don already show say dem hold 723,361 HYPE, and ETF buyers buy about $35.9M HYPE for one week—this one dey show HYPE ETF flows dey accelerate.
Traders suppose note say dis na more than retail momentum. Di article connect spot HYPE ETF exposure to possible supply tightening, specially where HYPE staking dey involved. Bitwise BHYP launch for NYSE (May 15) as di first natively staked HYPE ETF, and 21Shares THYP launch for Nasdaq shortly after.
At di same time, HYPE dey trade near im all-time high (report say around ~$72 after near ~$74.18 print), with heavy 24h volume (over $2B). Dat combination support di bullish continuation thesis, but crowded positioning fit make HYPE sensitive to any inflow slowdown. If buying continue and volume remain high, upside momentum more likely go continue.
Bullish
Di new tori dey confirm di kain positive story wey don dey: Bitwise-linked activity don add about $24M worth of HYPE near ATH, after dem show say big ETF exposure dey and weekly inflows dey increase. Dis steady demand for HYPE, and through staking-linked structures (BHYP dey staked natively; THYP don launch too), e fit make di effectively available supply tight.
But price don already extend near all-time highs. With high volume but fit be crowded trade, HYPE fit sharp drop if inflows slow or people start to take profit. Long-term, ETF access and staking integration good for sustained participation, but short-term volatility remain di main risk.