News linked to both this project and an event.
Multicoin has published a report stating that the market is severely underestimating the value of Hyperliquid's native token, HYPE, and believes it still has over 400% upside potential in the coming years. The firm estimates that, in a base case scenario, HYPE's price could reach approximately $319 by 2028.Multicoin believes the current market is too narrowly viewing Hyperliquid as a fast-growing decentralized perpetual contract exchange, when in reality it is evolving into an "Everything Exchange" covering multiple assets and trading scenarios.The report states that at the current price of around $63, HYPE is clearly mispriced. Multicoin estimates that by 2028, Hyperliquid's annualized profits could reach approximately $80 billion. Valued at a 20x earnings multiple, this would correspond to a HYPE price of around $319.Multicoin also disclosed that it has been actively buying HYPE since February of this year, and HYPE has become one of the largest holdings in its liquid hedge fund. Recently, HYPE broke through $76 to hit an all-time high, driven by positive catalysts such as ETF inflows, strong protocol revenue, and aggressive buyback plans. It subsequently pulled back with the broader market and was trading around $62.47 as of Thursday afternoon.
According to on-chain analyst Onchain Lens (@OnchainLens), the whale address “0xEe0” has again withdrawn 40,000 HYPE tokens (approximately $2.48 million) from Gate. Its current total holdings stand at 537,200 HYPE tokens, valued at approximately $33.41 million—indicating a clear trend of continued accumulation. Additionally, BlackRock deposited 2,400 BTC (approximately $149.6 million) and 38,337 ETH (approximately $63.38 million) into Coinbase, totaling roughly $213 million.
according to Lookonchain monitoring, a certain whale is shifting from ETH to HYPE. Two weeks ago, the whale sold all 3,065 ETH for $5.92 million, incurring a loss of $380,000. Over the past two days, the whale has purchased another 100,392 HYPE, worth $6.69 million. They currently hold 497,212 HYPE, valued at $30.93 million, with an unrealized profit of $8 million.
according to Onchain Lens monitoring, after a month of dormancy, a whale withdrew 96,930 HYPE from BitGo, valued at $6.01 million. The wallet currently holds 139,206 HYPE, worth $8.6 million.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale has recently been continuously withdrawing $HYPE tokens from Gate: 60,392 tokens (approximately $4.18 million) were purchased 22 hours ago, followed by an additional withdrawal of 40,000 tokens (approximately $2.51 million). In total, the whale acquired over 100,000 tokens in these two transactions. The address now holds 497,212 $HYPE tokens, valued at approximately $31.26 million.
According to Onchain Lens monitoring, a whale has purchased 60,392 HYPE from Gate, valued at $4.18 million. The whale currently holds 457,212 HYPE, worth $31.36 million.
According to Onchain Lens monitoring, a newly created wallet address withdrew 8,450 ETH from FalconX, valued at $14.4 million. Yesterday, this whale withdrew 108,000 HYPE from FalconX, worth $7.3 million.
Ventuals posted on X platform, stating that the HIP-3 decentralized exchange has been fully shut down, and the vHYPE withdrawal process has now been initiated. The approximately 380,775 HYPE tokens that were previously in the queue have been processed around 10:00 AM Eastern Time today, and all previously submitted vHYPE withdrawal requests have been included in this batch.According to the rules, users can claim HYPE 7.5 days after the processing is completed, which is expected to be available from approximately 10:00 PM Eastern Time on June 26.
Odaily Odaily previously announced that it will shut down the Hyperliquid ecosystem project Ventuals posted on X, stating that Ventuals' commodities and indices markets are now frozen. The Mark Price and Oracle Price for each market have been set based on data from external exchanges to the closing prices of today's regular trading session, and the funding rate has been set to 0. All markets will suspend trading for the remainder of the day, and the PNL of all positions will be automatically settled at the final mark price. If users currently hold open positions, no action is required; the system will automatically settle for you.Additionally, Ventuals advises all vHYPE holders to initiate withdrawals as soon as possible (if not already done). 100% of vHYPE holders can expect to exchange their tokens back for HYPE at a 1:1 ratio, along with all native staking rewards accrued since deposit. All initiated withdrawals will begin batch processing at 10:00 AM Eastern Time on June 19, and batch processing will continue every 24 to 72 hours thereafter. Once the withdrawal request is processed, it will become claimable after 7.5 days (including Hyperliquid's native 7-day standard unstaking period and a 12-hour cooldown period).Previously, Ventuals announced the closure of its business and will be integrated into another team within the Hyperliquid ecosystem; specific details have not been disclosed yet.
: According to monitoring by on-chain analyst Ember, twelve wallets suspected to be linked to a16z have transferred 24 million USDC to Hyperliquid in the past 20 hours. They are currently buying HYPE via a TWAP (Time-Weighted Average Price) strategy.They are currently the largest institutional holder of HYPE and one of the main driving forces behind HYPE's continuous new highs in recent months:Excluding the ongoing buying portion, they have used over one hundred wallets since March to transfer a total of 259 million USDC to Hyperliquid for purchasing and staking 4.035 million HYPE, with an average price of approximately $64. Their unrealized profit stands at about $29 million.
Odaily News Analyst Ansem posted on X platform, stating that a "quite astonishing data point" shows that compared to the strategy of holding a single long HYPE position against the US dollar, a paired trading strategy of going long Hyperliquid (HYPE) while simultaneously shorting Bitcoin (BTC) has actually delivered better performance so far this year. This result suggests that in the current market structure, relative strength trading may offer higher returns than directional bets on a single asset. It also reflects the intensified rotation and beta divergence within the crypto space, with the return structure between BTC and high-volatility altcoins showing clear stratification.
According to Lookonchain monitoring, the “10.11 Whale” Garrett Jin sold all 184,100 HYPE at $73.6 yesterday, worth $13.55 million, and has bought back 81,700 HYPE today, worth $6 million.
According to on-chain analyst Onchain Lens (@OnchainLens), the newly created wallet “0x008” has again withdrawn 50,000 HYPE tokens from Bybit, valued at approximately $3.58 million.
According to on-chain analyst Onchain Lens (@OnchainLens), Garret Jin has resumed buying HYPE. To date, he has purchased 71,092 HYPE tokens, totaling approximately $5.06 million, and still has an incomplete time-weighted average price (TWAP) order to continue buying HYPE.
According to on-chain analytics platform Lookonchain, after a week of inactivity, the new wallet 0x6436 has resumed accumulating Hyperliquid (HYPE). In the past hour, this wallet withdrew 88,350 HYPE tokens from exchanges, valued at approximately $6.41 million. To date, the wallet has withdrawn a total of 1.23 million HYPE tokens from exchanges, with a cumulative value of roughly $85.34 million.
According to on-chain analyst Ai Aunt (@ai_9684xtpa), an a16z-affiliated entity withdrew 88,350 Hyperliquid (HYPE) tokens—valued at approximately $6.4 million—from multiple exchanges in the past 30 minutes. Since 2026, this address is suspected to have accumulated a total of 7.335 million HYPE tokens, with a total value of roughly $340 million and an average purchase price of approximately $46.46 per token. At the current market price, its unrealized gains amount to approximately $193 million.
According to on-chain analyst Onchain Lens (@OnchainLens), the newly created wallet 0x643 withdrew a total of 88,350 Hyperliquid (HYPE) tokens—worth approximately $6.4 million—from OKX, Gate, Kraken, and Bybit. Since June 1, this wallet has cumulatively withdrawn 1,229,524 HYPE tokens—valued at roughly $85.54 million—and all of these tokens have been staked.
Odaily News According to Onchain Lens monitoring, the "1011 insider whale," Garret Jin, has sold all 184,102 HYPE at a price of $73.58, exchanging them for 13.54 million USDC, realizing a profit of $2.83 million. He still holds a 5x long BTC position, with an unrealized loss of $13.2 million, and a 2x long ZEC position, with an unrealized gain of $3.29 million.
trader Ansem posted on X platform, stating that JTO and HYPE are the strongest performing assets in today's market, clearly leading the rest of the tokens.Ansem also noted that WLD's performance slightly trails JTO and HYPE, but benefits from the narrative tied to OpenAI, maintaining a relatively strong upward trend overall.
According to on-chain analyst Yu Jin (@EmberCN), 572,900 HYPE tokens (valued at approximately $40 million) were withdrawn from Coinbase Prime three hours ago and subsequently deposited into Hyperliquid for staking.