Hyperliquid whale stakes $100M – So why is HYPE still below $80?

Hyperliquid [HYPE] faced strong downward pressure as the broader market weakened following lower-than-expected Consumer Price Index (CPI) data. HYPE breached $80 support and fell to $78 before bouncing back. At press time, Hyperliquid traded around $79, down 1.7% over the past day. Yet one whale chose to stake over $100 million in HYPE, taking a longer view as derivatives selling persisted. Why did a Hyperliquid whale stake $100M? With Hyperliquid below the $98 recorded three weeks earlier, some investors turned to staking for yield. According to Onchain Lens, three new wallets linked to one whale staked 1.255 million HYPE, worth $100.43 million. The move suggested a willingness to keep those tokens committed to staking rather than immediately available for sale. And the whale had company.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to AMBCrypto.