Whales staked $204M in HYPE tokens within 24 hours as price tests key support near $57. See what the charts reveal for HYPE next.
Whale wallets tied to Hyperliquid have staked more than $204 million worth of HYPE tokens within 24 hours.
One whale, spread across 19 separate wallets, staked 2.93 million HYPE worth roughly $172 million. Those tokens were bought nine months ago at an average price of $44, and the position now holds close to $44.5 million in unrealized profit.
Instead of selling, the wallet moved the entire stack into staking.
A second whale added another $32.87 million after receiving 557,902 HYPE through FalconX and staking the full amount on Hyperliquid.
Hyperliquid Whale Wallets Choose Staking Over Selling
On-chain trader Wise Crypto flagged the activity on X, noting that the scale of the staking stood out given the size of the unrealized gains involved. The first whale’s 19-wallet structure suggests a deliberate effort to spread holdings rather than concentrate risk in one address.
Whale conviction on $HYPE just hit another level.
A single whale (spread across 19 wallets) staked 2.93M $HYPE worth $172M on Hyperliquid over the last 24 hours.
What’s even crazier? Those tokens were accumulated 9 months ago at an average entry of $44 and are now sitting on… pic.twitter.com/Xbd8BlfXrZ
— Wise Crypto (@WiseCrypto_) July 25, 2026
Nine months of holding through market swings, followed by a decision to stake rather than cash out, points to a long-term stance on the token. The second wallet’s move came shortly after receiving funds through FalconX, and the tokens went straight into staking without any trading in between.
Combined, the two wallets account for over $204 million in fresh staking activity in a single day. Wise Crypto described the pattern as smart money adding to positions rather than exiting them.
Staking removes tokens from immediate circulating supply. This can reduce available sell-side liquidity on exchanges. Neither wallet has shown any on-chain activity suggesting plans to unstake or sell in the near term.
Read also: Hyperliquid HIP-4 Could Transform Prediction Markets With HYPE Staking
HYPE Price Structure Weakens After Trendline Break
Chart analyst The Boss pointed to a break in HYPE’s ascending trendline, a level that had supported the token’s recovery in recent weeks. That break shifted short-term market structure in favor of sellers, according to the analysis.
🔷️ $HYPE ‘s chart has entered a different phase after losing one of its most important structural supports.
📉 The ascending trendline that guided the recovery has now been broken, shifting the short-term market structure in favor of sellers. Since that breakdown, every… pic.twitter.com/xVIqdn5Opr
— The Boss (@CryptoTheBossX) July 25, 2026
Every rebound since the breakdown has struggled to hold, while a broader descending resistance line continues to cap upside attempts. HYPE buying pressure has noticeably weakened compared to the previous rally phase.
The analysis noted that horizontal demand is now being tested.
If buyers defend this zone, the pullback could turn into a period of consolidation rather than a deeper decline. A failure to reclaim the broken trendline, however, would leave the market open to further weakness until a new accumulation base forms.
HYPE Price Analysis: Key Support and Resistance Levels to Watch
HYPE was trading at $57.92 at the time of the report, extending a short-term downtrend after failing to clear the $65 to $70 resistance zone. The daily chart shows a pattern of lower highs and lower lows over the past two weeks.
Price sits below the Ichimoku Tenkan-sen at $59.08 and the Kijun-sen at $64.76, both signaling bearish momentum. Immediate support sits at $57 to $58, with secondary support at $55 and a major zone at $52 to $53.
The RSI reads 38.97, below the neutral 50 mark but approaching oversold territory.
A move back above 45 to 50 would strengthen the case for a bounce. The MACD line remains below its signal line, though the histogram bars have narrowed, suggesting downside momentum may be slowing.
Trading volume has declined steadily since the rally toward $70, and a sustained recovery would likely need a pickup in volume alongside a break above nearby resistance.
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