A whale was seen accumulating HyperLiquid (HYPE) consistently over the past few days.
The altcoin has factored in a 12.74% price increase in the last 24 hours.
The crypto market is attempting to break free of bearish reigns in vain. Bitcoin has yet to break out of its descending note and has slid to the $93K level in the past day. However, other altcoins have shown modest price increases in the past day. Meanwhile, the crypto market has also shown interest in the political drama that has ensued between Elon Musk and Donald Trump.
On the other hand, according to LookOnChain reports, a whale exchanged 18.3 million USDC to buy $HYPE, HyperLiquid’s native token. This whale has been accumulating the token since its price stayed at $27.6. According to reports, they currently hold a total of 4.68 million HYPE tokens.
Additionally, the whale’s address –“0x190” still continues to show buying activity as per hypurrscan reports. Meanwhile, the HyperLiquid chain was reported to have witnessed activity from DPRK – identified addresses belonging to North Korean hackers. This caused speculation among the community members.
Furthermore, a community member named “Crypto Tay” stated that he alerted the HyperLiquid team. Recently, the team responded to the speculations, stating that there have been no DPRK exploits. They further said that all funds were accounted for and that they are prioritizing security.
HyperLiquid (HYPE) Price Overview
The HyperLiquid token was launched recently in November this year. The cryptocurrency in the past day has factored in a 12.74% price increase despite bearish markets. In the Asian morning hours of December 23, the altcoin was trading at a low of $27.97.
Following this, it dipped shortly after which bullish candles sparked. Zooming out, over the past week HYPE has factored in a price increase of 3.53%. This shows that the altcoin is attempting to retain its initial launch bull run. At the time of writing, HYPE was trading at $29.81 as per CMC data.
Meanwhile, other cryptocurrencies such as Ethereum have shown bullish movements in the last 24 hours, as per reports.
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