HYPE moved back above $72 on July 6 after overnight gains, with Hyperinsight saying Hyperliquid open interest exceeded $1.59 billion and 24-hour volume reached $250 million. One previously reported whale held a 5x leveraged long on 1.38 million HYPE valued at about $99.5 million, with unrealized profit widening to $46 million as the token rose. Subsequent on-chain reports showed broader whale activity on Hyperliquid, including a separate trader that deposited 6.3 million USDC to open a 3x short in 692,200 HYPE worth $49 million, a 10x short in SK Hynix-linked SKHX, leveraged longs in SKHX and Micron-linked MU, and large Bitcoin longs of 600 BTC and 500 BTC.