Whale Purchases Drive HYPE Token Rally, Breaking Through $50 Resistance

The Hyperliquid (Hyperliquid) token (HYPE) has experienced a significant price surge this week, reaching a new all-time high ($4,500). This strong rally was fueled by institutional buying activity and technical breakouts. Two large investors purchased 358,279 HYPE tokens worth over $18 million, indicating growing interest in the cryptocurrency. This move followed a rebound from an accumulation zone between $43-$45, exceeding the critical $50 resistance level previously posing a barrier to gains.