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HYPE token surges 240% as whale buys $29 million and stakes position

  • A major whale investor bought 343,000 HYPE tokens and staked the entire position.
  • HYPE rose 240% from early entry points and trades near $85.
  • HYPE recovered after reaching a $50 low, according to the report.

HYPE has surged 240% from early entry points and is trading near $85 after recovering from a $50 low. A major whale investor purchased 343,000 HYPE tokens valued at $29 million and staked the entire position, a move signaling strong long-term confidence. Staking means locking tokens to support a network or earn potential rewards.

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