Hyperliquid whale stakes $100M – So why is HYPE still below $80?
Photo: AMBCrypto
Hyperliquid [HYPE] faced strong downward pressure as the broader market weakened following lower-than-expected Consumer Price Index (CPI) data. HYPE breached $80 support and fell to $78 before bouncing back. At press time, Hyperliquid traded around $79, down 1.7% over the past day. Yet one whale chose to stake over $100 million in HYPE, taking a longer view as derivatives selling persisted. Why did a Hyperliquid whale stake $100M? With Hyperliquid below the $98 recorded three weeks earlier, some investors turned to staking for yield.
Source: AMBCrypto
