The Ongoing Market Volatility

The ongoing heightened market volatility has left investors confused. Amid this uncertainty, a whale’s sell-off today stirred curiosity about its impact on the Hyperliquid (HYPE) price, according to data presented to Lookonchain.

> A whale dumped all $HYPE 8 hours ago, losing more than $1.8M!
> From Feb 25 to Mar 4, this whale spent 5.08M $USDC to buy 266K $HYPE at an average price of $19.08.
> 8 hours ago, he sold for 3.27M $USDC at an average price of $12.27, losing over $1.8M.
> Source — Lookonchain (@lookonchain) March 14, 2025

Whale Dumps All HYPE Tokens

As per data posted by Lookonchain, the whale offloaded all HYPE tokens, resulting in a loss of over $1.8 million. Data shows that from Feb. 25 to Mar. 4, the whale spent $5.08 million USDC to buy HYPE at an average price of $19.08. Today, he sold all the tokens for $3.27 million USDC at an average price of $12.27, incurring a significant loss.

While this activity discourages investor optimism in the HYPE market, it also generates opportunities. The sell-offs suggest a potential price decrease, thus creating the opportunity to buy the dip. This action signals that big investors are becoming interested in other crypto assets with high growth potential.

HYPE Price Updates

Hyperliquid has been facing downward movement for several weeks. This downturn may have prompted the whale to sell his investments. While the sell-off was expected to trigger a further slump, today’s price saw some recovery. The asset is currently trading at $13.31 after a 4.2% rise over the past 24 hours, despite being down 43.2% and 17.5% over the past month and week respectively.

Despite a 29.20% decline in transaction volume over the last 24 hours, today’s price rise suggests that HYPE could be preparing for further upsides. If it can hold above the $11.82 support level, a potential price growth of 25% could be anticipated, with the next key target around $16.41. Should it break the crucial resistance level of $14.59, it may climb to higher levels.

Despite the whale sell-offs impacting HYPE, the market still experiences positive sentiment around the asset. Open Interest (IO) on Hyperliquid surged by 2.46% in the past 24 hours, indicating that derivatives traders are betting on the token’s growth, particularly with long positions.

Onchain metrics show that HYPE retains sustained support in the market. Despite the offloading by whales, big investors remain active, with many anticipating a price surge. HYPE’s ability to resist significant sell-offs yet embrace upward trends highlights its strength in the crypto market.