Key Insights:
- A whale recently bought 215,850 HYPE tokens for $8.66M at an average price of $40.11. With this major move, Hyperliquid aims for a $45 price target.
- The average transaction size dropped from $100+ in 2023 to under $20 in 2025 – a sign of increased algo trading.
- Hyperliquid’s take rate remained strong, indicating expansion was pushed using natural demand, not rate manipulation.
Hyperliquid crypto (HYPE) has burst into the crypto scene with worldwide acceptance emanating from its DEX platform. This has attracted all trades and traders.
With that said, HYPE price has been a beneficiary of this traction. The structure says it all, but that is not the only thing making HYPE attractive. Then, what else?
Hyperliquid Crypto Price Eyes $45 Target
Technically, as Hyperliquid crypto rose and surpassed $41, it hinted at the bullish structure as Altcoin Sherpa noted on X. The recent volume doubled during major uptrends in the crypto sector.
HYPE price hit a high of about $45 in early June and then tested the $36, validating bullish form. The token bounced back as it retraced to $36, and as of press time, HYPE closed at around $40.48.
The real test was at the supply zone at $45.80. At this zone, sellers limited the previous gains, pushing the price to the aforementioned retest zone.
Some continuation of the weekly close above the $45.80 level could pave the path to an attempt to reach a long-term ATH. On the other hand, the inability to breach $45.80 may land the price in the support zone around $36.
However, the current decrease in volume in the rally reflected diminished strength. A new elevation could back the move up.
If volume maintains strength, then bulls may push the price past $45.80. Otherwise, a more significant retreat level of buying to $32 could also be on the cards.
Whales Board on HYPE Train
Analysts are bullish on Hyperliquid crypto, calling it a standout pick for the season. A major whale backed that sentiment by depositing $8.77 Million in USDC to stake big on HyperLiquid.
The investment was valued at $8.66 million. Such a massive purchase indicated high confidence in HYPE’s long-term outlook. The fact that this wallet had an all-time profit of 8.84 million on Hyperliquid indicated that he was experienced in trading.
However, its volume and time of buying by themself alone cannot affect the market in the short-term perspective. The collective activity of whales in HYPE price could have an impact, as the $40 mark has had a spurt from a major whale.
Hyperliquid’s Volume, Transactions, and Revenue
The aforementioned metrics followed in the footsteps of price and whale action. This was particularly in the last quarter of 2024 and into the mid-year months of 2025.
The average transactions per daily active user jumped from 129K in November 2024 to 620K in May 2025. This marks a dramatic surge in user activity over just six months.
Those trends indicated a shift in expert buying and selling direction, in preference to speculative retail pastime.
Such fast growth was also manifested in the volume per DAU. It rose to $10M in May 2025 after reaching $6M in November 2024.
These indicated that more trades were being placed at a faster rate. The average revenue generated by the platform per user (ARPU) rose by 64.39% to more than $2,953 monthly since December 2024. The scenario was indicative of increased monetization and active user traffic.
It was also worth mentioning that the average transaction size decreased by $100+ in 2023 to below 20$ in 2025. This confirmed the shift towards algorithmic, or professional trading.
Even then, the take rate of Hyperliquid crypto was still constant. This meant user growth was due to demand, not a fee increase.
Collectively, these metrics proved that the Hyperliquid ecosystem was growing organically. That meant it depended on the growth of transaction load, and increased volume per user made its bull case even stronger.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
