A resourceful trader has recently allocated 1.95 million
According to BeInCrypto, Hyperliquid’s ongoing token repurchase initiative has used $644.64 million in revenue to buy back 21.36 million HYPE tokens, strengthening trust in the network. Still, analysts are monitoring the effects of upcoming token unlocks, with 10 million HYPE scheduled to become available for trading each month from November 2025 through October 2027. While some worry that this increased supply could lead to price swings, others believe the founding team’s long-term vision—headed by co-founder Jeff—will help manage these risks, the report noted.
Large-scale trades on Hyperliquid highlight its status as a hub for high-risk speculation. For example, a recent transaction saw a whale invest $16 million in a 10x leveraged short against Bitcoin, netting a $4 million gain during a market dip, according to the OKX analysis. On the other hand, bullish investors have also made bold moves, such as depositing $9.6 million USDC to open a 6x leveraged long position valued at $14.47 million. These contrasting approaches demonstrate the platform’s attractiveness to traders navigating global economic uncertainties, including U.S.-China trade disputes and possible corrections in overheated tech sectors.
Hyperliquid’s standout offerings—like zero gas fees, instant transaction settlement, and a self-governing blockchain—have spurred institutional interest, the OKX report highlighted. Its transparent, on-chain order book further sets it apart from centralized exchanges, though worries about potential market manipulation remain. For instance, a whale’s $192 million profit from shorting during a crash has sparked debate over possible access to privileged information, despite no concrete evidence.
Technical analysis of Bitcoin’s movements also shapes whale strategies. Bearish formations such as rising wedges and bear flags point to possible declines, while bullish traders take advantage of crucial support zones, the OKX analysis explained. Hyperliquid’s 50x leverage amplifies both the opportunity for gains and the risk of liquidation, especially in turbulent markets.
Despite short-term challenges from token unlocks and macroeconomic headwinds, Hyperliquid’s buyback programs and growing institutional backing indicate ongoing faith in HYPE’s future, according to BeInCrypto. Experts remain cautiously hopeful, with one stating, “Jeff is reliable—there’s no way he’ll offload his HYPE tokens. Whatever choices are made, they’ll benefit both the short and long term.”