Hyperliquid Price Stalls at $46 Amidst Whale Activity and Uncertainty

Hyperliquid’s price has stabilized at $46 following a 23% surge over the past 60 days. While the token is still up 7.9% for the week, trading volume has surged, reaching $375.75 million after increasing by 43.77%. This recent rally marks the coin’s third significant jump in a row, with its price recently hitting resistance near the $49.52 mark. 87% of market participants expect a rate cut in September, which might be influencing cautious buying behavior.