The HYPE token is currently trading close to $85, following a sharp recovery from a recent $50 low. This rebound, which capped a 240% rally from earlier entry prices, has drawn attention from both major individual holders and institutions, with many investors now watching the $105 level as the next major resistance.
Strong Technical Momentum
Since its recent surge, HYPE’s performance has been reinforced by robust technical indicators. The token remains above its 20-day exponential moving average at $78.29, with the 50, 100, and 200 EMAs all positioned below the current price. This setup signals continued bullish momentum for the asset.
The MACD indicator also points to sustained buyer control, while returns for early investors remain significant. Market analyst Hov highlighted that an initial position around $26 has yielded gains of 240%, while entries near $55 are up over 50%.
Major Whale Signals Long-Term Commitment
Blockchain analytics platform Lookonchain recently reported a substantial buy by the wallet address 0x6436, which added 343,000 HYPE tokens worth $29 million to its previous holdings.
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Blockchain analytics indicated the wallet now holds 3.24 million HYPE tokens, valued at approximately $252 million, having staked the entire balance—a move seen as a sign of strong conviction in HYPE’s long-term outlook.
Staking such a large quantity of tokens reduces their availability on the market and underscores a commitment to the project over a longer horizon, rather than opting for immediate trading profits.
Growing Institutional Exposure in ETFs
Institutional interest in HYPE has increased notably through exchange-traded funds (ETFs). ETF analyst James Seyffart examined recent 13F regulatory filings, finding that 30 institutions collectively held $74.9 million in HYPE ETF exposure as of June 30. Wealth High Governance Asset Management led with a $23.9 million position, followed by OLP Capital Management at $10.5 million. UBS held $7.5 million, Bank of Montreal $6.7 million, and Jane Street $4.4 million.
Combined, these five firms account for more than 70% of all reported institutional exposure to HYPE ETFs, according to the filings published by Seyffart and widely cited by Wu Blockchain on X.
In the U.S. market, three HYPE ETFs are available: 21Shares’ THYP, Bitwise’s BHYP, and Grayscale’s HYPG. Together, they manage $480.86 million in net assets, having generated $356.58 million in total inflows since launch. On Friday, net ETF inflows reached $10.52 million, all directed to Bitwise’s BHYP product.
HYPE has also been added to the Hashdex Nasdaq Crypto Index US ETF, now representing a 3.4% weighting and standing as the fifth-largest constituent after Bitcoin, Ethereum, XRP, and Solana.
Amid this growing institutional traction and the critical $105 resistance, traditional financial institutions and retail traders are closely monitoring market technicals and ETF flows. Such trends reflect a broader industry transition, where Wall Street is adopting Web3 technologies. Investors increasingly use platforms like 1stepSwap, enabling them to hold shares of leading U.S. companies, as well as assets like gold and silver, directly in their crypto wallets. By tokenizing real-world assets and sourcing optimal market prices in seconds, these platforms eliminate the need for intermediaries.
