The Hyperliquid Assistant Fund has set a new milestone with its largest daily $HYPE purchase to date, fueled by the ongoing buzz surrounding Trump family memecoins.
Record-Breaking $HYPE Acquisition
Yesterday, the Hyperliquid Assistant Fund accumulated over 200,000 $HYPE tokens at an average price of $21.22, totaling a staggering $4.2 million. This significant purchase reflects growing confidence in the token’s potential as trading activity on the platform hits unprecedented levels.
Surging Trading Volume
The platform’s 24-hour trading volume soared to an impressive $20 billion, largely due to its position as one of the first exchanges to list the highly anticipated $TRUMP and $MELANIA tokens. With the continued hype surrounding these memecoins, even higher trading records are expected in the coming days.
Growing Community: New Holder Milestone
The $HYPE token community continues to expand, reaching a new milestone of 72,855 total holders. This growing base strengthens the token’s foundation and signals rising trust and adoption among both retail and institutional investors.
Whale Activity Sparks Optimism
Adding to the excitement, a new whale has entered the Hyperliquid ecosystem. This participant brought $1.39 million to the platform and purchased 64,000 $HYPE tokens through a time-weighted average price (TWAP) strategy at an average price of $21.75. This strategic move underscores growing interest from high-net-worth investors.
🚀 HYPE Market Update 🚀
1️⃣ Rejection Block: If today’s action forms a Rejection Block (RB) near $19.6, this would be a bullish signal for $HYPE. Levels like $24.37 and $25.24 remain key resistance zones.
2️⃣ New Holder Milestone: Total holders now at 72,855! A growing community… pic.twitter.com/YinYlIc7b7
— Hyper_Updates (@hyper_updates) January 20, 2025
Final Thoughts
As Hyperliquid capitalizes on the momentum of $TRUMP and $MELANIA, its record-breaking $HYPE purchases and surging community growth highlight its strengthening position in the market. With trading activity reaching new heights, all eyes are on $HYPE as it continues to gain traction and drive investor interest.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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