HYPE traded near $85 after rebounding from a $50 low, while wallet 0x6436 bought 343,000 tokens worth about $29.09 million and staked its entire 3.24 million-token position, valued at roughly $252 million. The accumulation coincided with institutional exposure: 30 investors reported $74.9 million across three Hyperliquid ETFs as of June 30, while the funds later reached $480.86 million in net assets and $356.58 million in cumulative net inflows. HYPE also entered Hashdex's Nasdaq Crypto Index US ETF at a 3.4% weighting, becoming its fifth-largest component after Bitcoin, Ethereum, XRP and Solana. Analyst Hov cited gains of 240% from a $26 entry and more than 50% from a $55 entry, with $105 monitored as resistance; the token remained above its major exponential moving averages, including a 20-day EMA at $78.29, while MACD indicated continued buying momentum.