$HYPE Breaking New Highs and Still Climbing! HYPE Hits $62 as Whales and ETFs Join Forces to "Buy Buy Buy" What's the current situation with HYPE? HYPE is currently trading at $62, up 2.87% over the past 24 hours, maintaining strong momentum after recently hitting an all-time high. Its market cap has now surpassed Dogecoin, ranking 9th among all cryptocurrencies. Three major catalysts: 1. Whales are still accumulating On-chain data shows that address 0x3527 has bought over 130,000 HYPE (approximately $7.96 million) in the past three days. Another new wallet withdrew **500,000 HYPE** from Coinbase Prime, worth approximately **$30.93 million**. The whales clearly aren't done yet. 2. Buyback + burning mechanism in full swing The Hyperliquid protocol allocates approximately 99% of trading fees to repurchase HYPE, with cumulative buybacks exceeding $1.16 billion**. Additionally, **$2.89 billion worth of HYPE has been permanently burned, accounting for 4.57% of the total supply. The protocol itself is continuously accumulating — that's the strongest backing. 3. ETFs post 8 consecutive days of net inflows The two U.S. spot HYPE ETFs (THYP and BHYP) have recorded 8 consecutive trading days of net inflows since their launch, with total inflows exceeding $54 million. Notably, during the same period, BTC and ETH ETFs saw outflows, suggesting that capital is rotating into high-growth assets like HYPE. Market outlook: Social media is currently buzzing with calls for "HYPE to $250," but Santiment warns of FOMO risks. In the short term, the $62-65 range is a key battleground — holding above it could pave the way for further upside. #纽交所母公司授权OKX推出原油合约 #ExchangeOS：链上金融新篇章 #HYPE多空博弈：现货ETF单日净流入创新高 $OKB $SOL