HYPE (Hyperliquid) rose 7.19% in the last 24 hours.

Gate News Bot news, August 14, according to CoinMarketCap, as of the time of writing, HYPE (Hyperliquid) is currently priced at $47.34, with a rise of 7.19% in the last 24 hours, reaching a high of $48.00 and a low of $37.67. The 24-hour volume reached $536 million. The current market capitalization is approximately $15.809 billion, an increase of $1.061 billion compared to yesterday.

Important recent news about HYPE:

1️⃣ Large capital inflows drive price rise Several cryptocurrency whales have recently made large-scale HYPE purchases on the HyperLiquid platform. One whale bought 166,820 HYPE tokens at a price of $47.14, while another whale purchased 114,545 HYPE at a price of $44.48. The inflow of these large amounts of funds has provided strong support for the HYPE price and is one of the important factors driving its rise of 7.19% within 24 hours.

2️⃣ Famous investors are optimistic about the HYPE prospects "Brother Ma Ji" Huang Li Cheng's long position in HYPE on the HyperLiquid platform is currently in a profitable state. His historical total earnings on the platform have exceeded 30 million USD, demonstrating confidence in the future trend of HYPE. This positive attitude may attract more investors' attention and participation in HYPE trading, further pumping its price.

3️⃣ Market sentiment is becoming optimistic As the overall cryptocurrency market warms up, multiple whale investors have frequently opened positions in the past 8 hours, mainly increasing their short positions in altcoins. However, HYPE has shown relatively strong performance, with one whale increasing their HYPE short position by 110,000 coins, resulting in a floating loss of 1.03 million dollars, with a liquidation price of 160.8 dollars. This indicates that the market has a strong bullish expectation for HYPE, which may continue to maintain its upward momentum in the short term.

The strong performance of HYPE reflects the increased confidence of investors in the HyperLiquid platform. However, considering the high volatility of the cryptocurrency market, investors still need to cautiously pay attention to market risks.

This message is not an investment advice, and investors should pay attention to market volatility risks.

HYPE1.12%
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