Hyperliquid (HYPE) has surged past its previous record high, reaching a new all-time close of $42.07 on June 11, 2025, propelled by a wave of bullish investor sentiment and increased activity from prominent investors known as whales. The token’s recent rally comes after a sharp reversal following last week’s dip that brought its price close to the $30 level. This surge is part of a broader market rebound across crypto assets, but it’s fueled further by large-scale purchases by these whales and growing confidence in the project’s long-term potential.
A notable purchase from one whale involved acquiring 259,367 HYPE tokens worth nearly $10 million. The move marks a significant addition to their already sizable position and has generated over $10 million in profit for them thus far. Other large purchases have also been recorded, with three prominent transactions totaling over $2.5 million.
Despite the impressive gains, HYPE’s price is currently around $41.24. However, it remains significantly above previous resistance levels, indicating strong momentum in the market. Additionally, the growth of HYPE’s ecosystem has attracted more users and bolstered investor confidence.
The surge comes as part of a broader trend of positive movement in the crypto markets. Notably, recent integration with key partners and partnerships have furthered the Hyperliquid network’s growth and solidified its potential for future success.