As a result, Hyperliquid has quickly established itself as an industry leader in the web3 world, having taken the top spot on profitability and trading volume. Recent investments from large wallets such as YG investments have more than doubled the platform’s native token HYPE. Due to the rise, its price is now nearing a four-month high. This massive increase in activity is a testament to Hyperliquid’s quickly expanding impact and the readily apparent confidence high-balance investors have in its potential.
Hyperliquid’s performance in May 2025 was especially impressive. Through this new mechanism, the platform was able to create $72.3 million in profits, exceeding even more established Layer 1 protocols such as TRON and Ethereum. Its trading volume reached $248 billion for the month, taking more than 10% of Binance’s flow. Hyperliquid’s total value locked (TVL) is more than $1.59 billion, while its market cap is pegged at $12.63 billion.
Whale Activity Drives HYPE Surge
The recent price movement of HYPE is largely attributed to substantial investments from several large wallets, commonly referred to as "whales." These entities have been racking in HYPE through OTC trades the past few months, showing strong conviction that the token will perform well in the future.
One wallet, appropriately named “0xdare,” took an early gamble and bought more than 70,600 of the HYPE tokens. Its first redemption used $2.5 million USDC to do so, spending an average price of $35.40 per token purchased. A second whale, “0x9E8,” made a $1 million investment in HYPE, bringing their total holdings to 196,344 tokens, worth $6.87 million. A third wallet, "0xab6," made a limit order to purchase 57,372 HYPE at $24.95. Altogether, these three whales invested $3.5 million.
This deep of concentrations into a single token from large-balance investors is a strong vote of confidence in that token’s upside potential. In doing so, this type of activity often leads market sentiment and can of course lure additional investment by other participants.
Technical Analysis and Market Outlook
Looking at HYPE on the 4-hour, we can see a clear ascending channel, showing a clear bullish trend. Bulls are targeting $44 next as the next resistance target in this rising wedge pattern.
HYPE price analysts believe that if the bullish momentum continues, HYPE might pierce the resistance level. That scientific breakthrough might just propel the stock to all-time highs. Volatility is a constant in the world of cryptocurrency. Traders should be careful and do proper diligence before investing in any cryptocurrency.
Hyperliquid's increasing NFT trades volume contributes to the platform's growth and diversifies its revenue streams. The platform’s constant innovation and ability to attract both centralized traders and large investors gives the platform a strong position in the competitive blockchain space.
Hyperliquid's Ascendancy in the Blockchain Arena
Hyperliquid has quickly risen to the top of the blockchain based order book rankings. Combined with its astounding gross profit for May 2025, this illustrates the company’s unique business model and growing popularity. By surpassing established players like TRON and Ethereum in profitability, Hyperliquid has demonstrated its ability to capture a significant share of the market.
The platform has one of the highest trading volume. With a rapidly growing total value locked (TVL), it solidifies its position as one of the major players in decentralized finance (DeFi). Hyperliquid is still in development and significantly growing its product suite. That growth has already begun to draw even more users and capital — indeed, a virtuous cycle that is developing its own increasingly powerful ecosystem.
