Hyperliquid (HYPE) Whale Accumulation Intensifies—Can the Price Break Out Toward $100?

Hyperliquid is once again drawing attention as a large whale continues to accumulate amid its recent price rally. The whale has made a sizable $HYPE purchase, adding to a series of aggressive buys. This comes as the price has rallied sharply but is now consolidating near the $82 to $84 range, just below a key technical resistance level. With $86.85 as the immediate breakout hurdle, the bigger question is whether $HYPE price can turn the ongoing accumulation into a sustained move and potentially reach a three-digit figure.

$HYPE Whale Accumulation Intensifies

The $HYPE accumulation has taken yet another turn as the mysterious wallet continues to add to its position. The whale bought 141,442 $HYPE worth approximately $11.88 million, following nearly 243,178 $HYPE bought worth $20.24 million in the past few days. Just days earlier, between August 25 and 27, this wallet accumulated over 387,952 $HYPE, worth around $31.5 million through Hyperliquid, OKX, Bybit and Gate.

Taken together, these three recent buys amount to 773,107 $HYPE, worth roughly $63.6 million. The repeated purchases make the activity more notable than a single large whale transaction and suggest that the wallet is steadily increasing its $HYPE exposure. That becomes particularly important as $HYPE consolidates near the $83 area, below its recent high around $86 to $87.

Hyperliquid Price Analysis—Here’s What’s Next

$HYPE price has entered a crucial phase around $81 to $84 after falling from its ATH around $86.65. This indicates that the traders could be probably digesting the rally instead of extending it. After breaking the 0.618 FIB at $61.32, the price reclaimed $72.46, which had previously acted as resistance. The move accelerated from here, taking the token toward the $86.65 FIB level 1.

Despite $HYPE’s sharp rally, the open interest continued to trend lower on the chart and is currently around 3.48 million. This indicates that the rally has not been accompanied by a sustained expansion in the derivatives. Although this suggests short covering and deleveraging during the rally, rather than a fresh wave of leveraged longs entering, it does mean the next breakout needs confirmation. On the other hand, CVD has returned closer to zero after showing a positive spike.

This indicates the buyers stepped in aggressively during the breakout, but that buying pressure has not yet remained consistently strong during the consolidation.

Wrapping it up—Can Hyperliquid ($HYPE) Price Reach $100?

Hyperliquid price reaching $100 is realistic, but it still needs confirmation. The latest whale accumulation adds a strong demand catalyst, while the chart shows $HYPE consolidating just below the key resistance at $86.65. A clean breakout above this level could open the doors toward $90 to $95 and eventually $100. However, cooling volume, mixed CVD, and weaker OI suggest the move still needs fresh buying pressure.

For now, $100 is a credible upside target rather than a certainty, while a rejection near $86.65 could send the $HYPE price back toward the $72.46 support.