It appears the crypto market has been thrown into a state of utter pandemonium, rather like a debutante’s ball after the champagne has run dry. The culprit, you ask? A spot of bother between Israel and Iran, which sent investors scurrying for cover like so many frightened rabbits. Hyperliquid’s HYPE, that erstwhile darling of the crypto set, was not immune to the carnage, taking a rather precipitous tumble earlier today.
But fear not, dear reader, for HYPE seems to be staging a bit of a recovery, rather like a tipsy partygoer who’s managed to find their footing after a few too many glasses of bubbly. At press time, the token was trading at a respectable $39.63, a far cry from its earlier intraday low of $37. One supposes it’s a bit like that old adage about falling off a horse – one must simply dust oneself off and get back on, or in this case, back into the fray.
Now, one might be forgiven for thinking that HYPE’s precipitous drop was a bit of an outlier, but alas, it seems the entire crypto market was in a bit of a tailspin, with even that venerable old stalwart Bitcoin taking a bit of a hit. But as the geopolitical tensions ease, it seems the market is slowly regaining its footing, rather like a ship righting itself after a storm.
And it seems investors are still rather bullish on HYPE, despite its recent stumble. Why, just the other day, Tony G Co-Investment Holdings snapped up a tidy 10,387 HYPE tokens, worth a cool $438,000. One supposes that’s a bit of a vote of confidence, rather like a debutante’s mother giving her daughter a reassuring pat on the back before sending her off into the fray.
The Whales are Circling
As Tony G himself so succinctly put it, “We’re the first public company to add $HYPE to its treasury. Just the beginning. Hyperliquid.” Ah, the thrill of the chase, the excitement of the unknown – it’s all a bit too deliciously thrilling, isn’t it?
We’re the first public company to add $HYPE to its treasury.
Just the beginning.
Hyperliquid. $TONY on CSE (Canada)$BGRDF on OTC (USA)
— Tony G (@TonyGuoga) June 12, 2025
And it seems Tony G’s not the only one with a taste for HYPE – earlier this week, three separate investors scooped up a tidy 70,617, 28,500, and 57,372 HYPE respectively, totaling around $5 million in combined purchases. Ah, the whales are indeed circling, and it seems HYPE is the catch of the day.
So, will HYPE retest its all-time high and push even higher? Only time will tell, dear reader, but one thing’s for certain – it’s going to be a wild ride. 🎢
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2025-06-13 16:25