Whale Holds $38 Million In Hyperliquid Long Position Despite HYPE Price Dip To $28.14

Despite the Hyperliquid (HYPE) price fall, reaching its lowest level since May 21, a prominent whale continues to maintain a massive long position of 1.38 million HYPE tokens worth $38 million. According to data disclosed today by market analyst Onchain Lens, the trader’s position, leveraged at 5x, currently experiences a floating loss of $15.3 million. The trade’s entry price was at $38.67, while the liquidation price is set at $22.16. This aggressive long position raises questions about the trader’s outlook on HYPE’s future price movement.

Whale Optimistic Amid HYPE Price Fall

Despite the Hyperliquid price decline, the whale firmly holds his long position, a move that points out his confidence in the asset price. HYPE, which currently trades at $27.79, has been down 11.4% and 30.0% over the past week and month, respectively. The downturn highlights a drastic shift in sentiment as the wider cryptocurrency market downside pressures the native token of the Hyperliquid decentralized exchange.  

Despite the market retreat, the whale’s action signals his strong conviction in HYPE’s capability and belief that the recent decline has reached its bottom and largely passed. His optimistic action appears to be guided by the latest whales’ accumulation of HYPE tokens, which points out anticipations of medium-term price gains.

Today, December 9, 2025, two major whales made significant investments in HYPE tokens on the Hyperliquid platform, as flagged by the market analyst PHEMEX. The first whale, recognized as nolimithodl.hl” (0x330), invested $2.9 million USDC into the Hyperliquid platform and bought 98,739 HYPE tokens at a price of $29.37 each. The other whale spent $1.3 million USDC to expand his Hyperliquid holdings to 97,697 HYPE tokens.

This renewed interest coincides with a wider market recovery, with Bitcoin and Ethereum currently trading at $90,549 and $3,122, up 4.0% and 11.2% over the past week, respectively. Furthermore, HYPE, hovering at $27.79, highlights resilience amid recent market weakness.

Hyperliquid Price Prediction

Since the beginning of this month, HYPE has been trading between $36.10 to 28.05 while holding steady above its long-term $25.15 support zone. This signals a potential shift in momentum as investors expect a rebound towards the $43-$45 price range. Despite still being trapped in a consolidation range, HYPE’s move to hold above this long-term established price region could propel an upside momentum in the medium-term, supported by returning whale appetite and savvy traders grabbing the ‘buy market dip’ opportunities.