Hyperliquid News Today: HYPE Faces $50 Barrier: Large Investors Accumulate as November Unlock Approaches

Hyperliquid's HYPE token is steadily approaching the $50 mark, supported by significant whale accumulation, targeted buyback initiatives, and heightened activity in the derivatives market. As of late October 2025, HYPE was trading at $49.55, showing notable resilience despite broader market pullbacks. Open interest has surpassed $1.9 billion, and optimism among traders continues to grow, according to

. This surge is fueled by substantial on-chain transactions and institutional-level incentives, making HYPE a central player within the decentralized exchange (DEX) landscape.

Whale Accumulation and Buyback Strategies

The price movement of HYPE has been largely shaped by whale investors, with CryptoQuant data revealing a notable uptick in large-scale transactions since mid-October, as highlighted by Coinotag. Major spot market participants have taken advantage of short-term price drops to accumulate more tokens, while futures traders have shown a clear preference for long positions—over 70% of contracts are bullish, a sentiment only surpassed by

and on Hyperliquid, according to . These trends highlight HYPE's importance in the Hyperliquid network, where staking and holding are rewarded through point farming, encouraging users to retain their tokens for the long term.

Token burns have also ramped up, with Hyperliquid implementing daily burns of $3 million since September, amounting to 540,000 units on an annualized basis, as reported by Coinotag. This approach to reducing supply has helped stabilize prices, but challenges are expected as November 29 approaches, when linear unlocks could introduce $10 million in daily supply pressure (per Cryptopolitan). Analysts suggest that while these unlocks may test the market's strength, the current 31% unlocked supply and strong DEX activity indicate that HYPE's underlying fundamentals remain solid, according to Coinotag.

Technical and Market Analysis

Although the overall outlook is positive, technical signals point to possible resistance ahead. The Relative Strength Index (RSI) for HYPE has dropped to 59 on the 4-hour chart, indicating waning momentum and a bearish divergence as the token nears the $50 level, according to

. Key resistance points at $51.432 and $56.596, which correspond to previous highs, must be surpassed for a sustained rally. If HYPE fails to break through $50, it could revisit the 50% Fibonacci retracement at $46.351, potentially triggering forced liquidations of bullish positions, FXStreet warns.

Open interest on Hyperliquid's DEX has also rebounded, rising from $6.6 billion to $9.4 billion in recent weeks, with Bitcoin alone making up $3.3 billion of that total, as noted by Coinotag. This renewed liquidity supports the HYPE ecosystem, as the token's governance and incentive roles align with the platform's ongoing expansion.

Broader Market Perspective

HYPE's recent performance is part of a wider movement of aggressive token buybacks across the crypto industry. So far this year, projects have conducted over $1.4 billion in buybacks, with HYPE accounting for $640 million, according to

. This trend signals a maturing market where projects focus on value creation through tokenomics, in contrast to earlier speculative phases. Nevertheless, some critics warn that certain buybacks—such as MegaETH's recent $450 million token sale—may be driven more by short-term excitement than by strong fundamentals, as reported by .

Conclusion

The HYPE token's advance toward $50 highlights the interplay of whale accumulation, strategic buybacks, and technical factors. While the $50 mark remains a significant psychological barrier, the token's utility within its ecosystem and the growth of the DEX provide a solid base for long-term investors. Stakeholders should keep an eye on both on-chain data and broader economic trends, especially as the November unlocks approach, to assess whether HYPE's upward trend can be maintained.