Hyperliquid (HYPE) has experienced a significant price recovery after a whale deposited $3.38 million USDC to buy HYPE tokens. The whale has purchased 116,147 HYPE tokens at a discount, indicating confidence in the asset's potential recovery and long-term value. This activity has had a positive impact on the Hyperliquid price, which has risen by 5.1% in the last day. Outflows of the token from exchanges suggest potential accumulation by long-term holders and investors. Derivatives traders are also increasing their open positions, indicating growing enthusiasm for the asset. If Hyperliquid can maintain its price above the key support level at $18.54, it could continue to surge and potentially reach a key resistance target of $25.72.



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