Crypto Whale Establishes a Firm Bearish Stance on the HYPE Token, Disrupting the Mood

In a shocking and tactical move, a crypto whale has established a firm bearish stance on the HYPE token, disrupting the mood on the entire HyperLiquid trading platform. Only 10 hours ago, the whale made a large deposit of $5.0 million in USDC and then hastily placed short orders worth 91,267.52 HYPE tokens

A crypto whale has set a bearish tone on the HYPE token, shifting the mood on the entire HyperLiquid trading platform. Only 10 hours ago, the whale made a large deposit of $5.1 million in USDC and then hastily placed short orders on 91,267.52 HYPE tokens, which were worth a whopping $1.71 million. The shorts were bid in the price range of $18.5 to $18.9 per token, clearly indicating expectations of a price decrease in the immediate future.

Such a substantial trade hasn’t gone unnoticed, particularly given the magnitude of the capital involved and the exact nature of the execution. Whales—big owners of digital assets—usually possess advanced analytics, insider information, or powerful on-chain analytics resources at their disposal, rendering their market movements noteworthy.

Why This Move Matters for the HYPE Token Community

The HYPE token has picked up significant momentum in recent weeks, but this aggressive action has put a shadow of doubt over its short-term price path. Shorting is a tactic that profits from a price decline. When whales short a token, it usually indicates a perception that the token is overpriced or in need of a correction.

This implies that retail investors with smaller capital bases can experience swift price action and quick shifts in market momentum, particularly if they’re not following technical support levels very closely. The $17–$18 band is now an important support level for HYPE token. A fall below it would confirm the whale’s view, and a bounce could en