HYPE Token Surges Past $25 Amid Whale Accumulation
As Bitcoin’s price approached $90,000 on Monday, the cryptocurrency market saw renewed interest, particularly in the HYPE token. The native token of the decentralized trading platform, Hyperliquid, spiked nearly 5%, reclaiming the $25 mark. This notable increase follows significant transactions by major investors, hinting at a bullish sentiment surrounding HYPE.
Whales Capitalize on HYPE’s Momentum
Recent on-chain data shared by Lookonchain reveals strategic accumulation by two significant whale wallets. On December 22, 2025, these large investors deposited $5 million in USDC into Hyperliquid, facilitating further purchases of HYPE tokens. One of the wallets holds 214,497 HYPE, estimated at $5.44 million, while maintaining an additional $5.52 million in reserve. Another whale possesses 102,460 HYPE, valued at $2.61 million, along with $2.45 million earmarked for future acquisitions—all held in USDC stablecoin.
The recent spike in HYPE is particularly noteworthy given its previous decline of over 14% within the week. The rebound signals potential for a renewed altcoin rally, with eyes on testing resistance levels around $30. Increased buying pressure has already resulted in a 15% rise in daily trading volume.
Hyperliquid Labs Addresses Insider Trading Allegations
In light of HYPE’s fluctuating price and emerging insider trading allegations, Hyperliquid Labs has publicly refuted any misconduct. The team emphasized that a wallet suspected of engaging in the sale was tied to a former employee dismissed in Q1 of 2024. In their statement, Hyperliquid Labs reiterated their commitment to ethical standards, including a comprehensive trading policy that prohibits team members from trading derivatives involving HYPE or leveraging insider information.
While the platform maintains that the accusations stem solely from an unaffiliated ex-employee, co-founder Illiensic has underscored the company’s stringent trading practices on a Discord update, stating that such behavior is unequivocally against their guidelines.
