The native token Hyperliquid, HYPE, is once again in the spotlight after a large series of purchases by a wallet linked to the a16z fund from Silicon Valley.
In recent weeks, this address has accumulated HYPE worth about $90.87 million. Against this backdrop, the market has started discussing the possibility of further token growth.
Additional interest is fueled by the technical picture. On the long-term chart, HYPE is forming a bullish pattern that many traders consider a classic signal for continued growth.
Typically, this structure appears after a sharp decline, followed by a gradual price recovery and a short pause before a new upward move. In the case of HYPE , the token first fell from about $46 to $21, then gradually returned to the resistance zone around $45–$47.
Right now, this range remains the main level for the market. If HYPE can consolidate above it, some traders will see this as a signal for a move toward new highs.
Three-day HYPE/USDT chart. Source: TradingView
As of Monday, the token was moving in a slight correction after its recovery, which some traders see as a normal stage before a possible continuation upward.
If the price does break through the $45–$47 area, many see the next targets in the $71–$72 range as soon as 2026.
See Also: Fed Chair Kevin Warsh Sold More Than $100 Million in Assets Before Taking Office
From current levels, this means a potential growth of about 55% and a possible new all-time high.
Wallet Linked to a16z Accumulated Nearly $91 Million in HYPE
Interest in HYPE is now supported not only by the chart but also by the activity of large wallets.
On Monday, the address 0xb5E4, which Lookonchain links to Andreessen Horowitz (a16z), bought another 372,000 HYPE worth about $16.91 million in just a few hours.
After this purchase, the total amount of tokens accumulated in the wallet rose to 2.11 million HYPE. At current prices, the position is valued at about $90.87 million.
That is why part of the market is now closely watching movements around the token and the actions of large investors.
Transaction history of wallet 0xb5E4. Source: Arkham Intelligence
At the same time, HYPE itself looks stronger than most major coins even in a weak market.
In the past 24 hours, the token rose by about 7%, while bitcoin fell by 1.22% and Ethereum lost 2.22%.
Looking at the year-to-date dynamics, the difference is even more noticeable. HYPE has grown by about 80%, while BTC and ETH over the same period are down about 12.5% and 28.3% respectively.
HYPE/USDT year-to-date performance compared to BTC/USD and ETH/USD. Source: TradingView
Large purchases by funds and institutional investors usually increase market interest in the asset. Especially at times when the price is already testing important resistance levels.
The HYPE purchases linked to a16z coincided with several positive events around Hyperliquid.
Last week in the US , spot HYPE—ETF appeared. For some traditional investors, this became a simpler way to access the token through regulated instruments.
See Also: Iran Launched Bitcoin-Pegged Insurance for Ships in the Strait of Hormuz
Additional attention was also drawn to the project by the participation of Coinbase and Circle in developing USDC infrastructure within the Hyperliquid ecosystem.
Trader Pentoshi believes that Hyperliquid revenue could grow by 5–10 times if the US introduces clearer crypto market rules, including possible adoption of the CLARITY Act.
In his opinion, in that case, hedge funds, prop trading firms, and asset managers could use the platform more actively.
If institutional interest continues to grow, this could further support demand for HYPE through increased trading volume, platform revenues, and overall trust in the Hyperliquid ecosystem.
