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Crypto

HYPE Token Surges Past $34 Driven by 36M Whale Accumulation

11/29/2025, 18:06
11/29/2025, 18:36
AI SUMMARY
●A single whale, identified as @chameleon_jeff, has reportedly accumulated over 36 million HYPE tokens, pushing the price past $34.
●The rally is occurring despite a lack of official news regarding airdrops or Season 3 incentives.
●Market observers suggest the price action is driven purely by this aggressive accumulation aimed at supply dominance.
Market reports indicate that the price of Hyperliquid (HYPE) has surged to over $34, driven by a specific whale accumulating a significant portion of the supply. Observers note that a single entity, identified in discussions as @chameleon_jeff, has reportedly collected over 36 million HYPE tokens. This aggressive buying activity has significantly impacted the market structure. [Update 1] Further observations confirm that this price rally is occurring despite a lack of new official announcements. Community members have noted that no details regarding new community airdrops, hidden points, or Season 3 incentives were released today, suggesting the movement is solely driven by the large-scale accumulation.

Sources

01@hypingbull↗02@lukecannon727↗
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