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Ethereum (ETH) whales have flipped bullish on the native token of decentralized perpetuals exchange Hyperliquid (HYPE), according to blockchain analytics firm Lookonchain. Lookonchain says that four addresses have acquired HYPE tokens worth approximately $24.03 million within hours of each other. “Whales are bullish on HYPE. qianbaidu.eth bought 260,900 HYPE ($13 million) in the past 16 hours via 2 wallets. 0xe0f0 opened a long position of 136,906 HYPE ($6.9 million) in the past 6 hours. 0x328B bought 43,415 HYPE ($2.13 million) in the past 12 hours. 0x23fA bought and staked 42,161 HYPE ($2 million) 7 hours ago.” Hyperliquid is trading at $50.57 at time of writing. Since the crypto market correction in April that saw HYPE fall to $9.50, HYPE is up by around 430%. The change in sentiment by whales comes amid plans by Hyperliquid to launch its own stablecoin. Last week, Hyperliquid announced plans to launch a “Hyperliquid-aligned, compliant stableco...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The altcoin market could experience notable growth, with analysts projecting its total market cap to reach $1.85 trillion. This prediction is tied to a market pattern identified by experts, suggesting potential upward momentum. A key factor driving this optimism is the anticipated introduction of exchange-traded funds (ETFs) focused on altcoins next year. This backdrop sets the stage for some altcoins to attract interest due to favorable market conditions. InsideBitcoins recently reviewed some of the top crypto to invest in right now that might align well with these developments. The focus remains on projects demonstrating potential growth amid shifting conditions. Top Crypto to Invest in Right Now Arbitrum is trading at $0.7491, reflecting a 3.23% price increase in the last 24 hours. Meanwhile, Filecoin has surged by 5.54% over the same period, with a current price of $5.07. Cosmos aims to simplify the development of decentralized applications (dApps). By focusing on creating a us...