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$HYPE token soars to a record $39.83 amid whale buying, with open interest topping $1.3 billion and weekly volume hitting $78.7 billion.
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Trader 0x15b3 turns $2.95 M into $29.76 M on Hyperliquid during the April crash; platform’s total volume exceeds $1.15 trillion.
Hyperliquid has quickly emerged as a key player in the decentralized finance (DeFi) space, becoming the top platform for perpetual trading. Its native token, $HYPE, recently hit a new all-time high of $39.83, driven by rising attention and significant whale activity. Open interest has surged past $1.3 billion, reflecting strong demand and positioning $HYPE in an early growth phase. The project is gaining momentum fast, supported by increasing volumes and high-profile trades.
Trader Turns $3M Into $30M
A major highlight came from an impressive trade by 0x15b3, a smart investor who turned $2.95 million into nearly $30 million on Hyperliquid in under two months. As reported by Lookonchain, this move happened during the April 7–9 market crash when Bitcoin dropped below $75,000.
Meet a smart trader 0x15b3, who generated nearly $30M profit on Hyperliquid in less than 2 months with less than $3M principal!
— Lookonchain (@lookonchain) May 29, 2025
Between April 7 and 9, the market crashed and $BTC dropped below $75,000.
While most were panicking, 0x15b3 created a new wallet and deposited 2.95M… pic.twitter.com/eV0xupICL3
While many panicked, the trader created a new wallet, deposited $USDC, and opened long positions on 16 tokens including $HYPE, ETH, SOL, $BTC, ENS, and LTC. This strategic bet during a market dip paid off with a $29.76 million profit.
Hyperliquid’s Rapid Rise
Launched on January 6, Hyperliquid supports the Hyperfy metaverse and gaming platform through its $HYPE token. The platform has seen exponential growth, with trading volumes hitting record highs. Between May 11 and 18, Hyperliquid processed $78.67 billion in trading volume—its highest weekly figure. On May 21, the platform recorded a daily peak of $17.73 billion. In total, the platform has facilitated over $1.15 trillion in trades, according to DefiLlama.
The platform’s growth is also evident in its rising open interest, which recently surpassed $10.1 billion. The amount of $USDC locked reached $3.5 billion, and fee generation has been strong, with $5.6 million in just one day and $22 million over a week.
Strong Buyer Activity Supports Price Surge
$HYPE has risen more than 50% this month, backed by solid trading volumes and increasing buyer interest. On May 26, daily volumes crossed $460 million. Whale activity has intensified, with three large buyers spending over $5 million on $HYPE in a single day, suggesting continued bullish sentiment around the token.