Hyperliquid (HYPE)

Matt @Matt_Hougan is bullish on Hyperliquid https://t.co/wGkRqnJnpK

We must be thankful to @HyperliquidX for rewriting the value-capture model in crypto. Old stack: - Exchange takes trading fees - Stablecoin issuer takes reserve yield - Listings are gatekept - Token holders are downstream Hyperliquid stack: - Own L1 - Validators curate the quote asset - Issuer shares 90% of yield - Anyone deploys a market - Every trade flows to $HYPE buybacks That's why the CEX-vs-DEX framing keeps missing what's actually happening. Note it has $8.8B in OI, which is bigger than OKX, which does 3x the volume. Hyperliquid h/t to @DefiLlama for the data

a16z-Linked Wallets May Be the No.6 HYPE Holder Onchain analyst @ai_9684xtpa said wallets linked to a16z crypto may have become the sixth-largest HYPE holder and potentially the largest external holder outside Hyperliquid-linked addresses. The wallets are estimated to have added 4.92 million HYPE in 2026 (about $183 million). Since August 2025, they have bought about 9.18 million HYPE (about $356 million) at an average cost of roughly $38.77, with unrealized gains of about $79.29 million. https://t.co/x8ug3CLIwA

【Latest Info⚡】 🇺🇸Bitwise's Matt Hougan CIO says “#Hyperliquid is up 77% YTD in 2026, the best-performing large‑cap #crypto asset, yet it remains undervalued” #Bitwise https://t.co/3DDm1gUxYp

🚨 LATEST: Bitwise CIO Matt Hougan says Hyperliquid is still undervalued despite being the best-performing large-cap crypto asset of 2026, up 77% YTD. https://t.co/W91al5YJVy

Hyperliquid updates HIP-3 document: the 500,000 HYPE deployment threshold will be gradually lowered The document shows that the 500,000 HYPE staking requirement for deploying a perpetual DEX "will be gradually reduced as the infrastructure matures, and the portion exceeding subsequent thresholds can be unstaked". Additionally, the document clarifies that each perpetual DEX has independent margin, order book, and deployer settings, and future upgrades may allow multiple DEXs to share the same deployer and staking requirements.

The wallets linked to just keep accumulating more $HYPE . Over the past 12 hours, a newly created wallet tied to the same a16z-linked cluster bought another 206,325 HYPE worth roughly $9.95M, then immediately staked the entire position. Since April 14, the whale has now accumulated around 2.34M HYPE with a total estimated cost of about $102M. What stands out is the consistency of the buying. Instead of trading in and out, the wallets have been steadily adding during different market conditions and staking most of the tokens afterward, which makes the activity look far more like long-term positioning than short-term speculation. Address: 0x4c6B8e7D1A5DEc99AA726240e1957F8Df657f828

Trader 0xde42 is turning aggressively bearish on $HYPE . Over the past 10 hours, the wallet sold 50,000 HYPE worth roughly $2.41M while simultaneously opening a massive 10x short position on 223,404 HYPE, currently valued around $10.55M. The combination of spot selling plus a leveraged short usually signals pretty strong conviction that more downside could be coming, especially after HYPE’s recent volatility and crowded long positioning. With several large whales already battling on both sides of the HYPE trade, this adds even more fuel to what’s becoming one of the most watched markets right now. Address: 0xde4247f0db1e4c32842049a1904Bc733779F952B

Crypto things you might have missed: - Goldman Sachs pivots to Hyperliquid $HYPE - Liz Warren questions OCC crypto trust charter for Ripple - Spot $BTC ETFs see biggest outflow since January - Tokenized RWAs surge 5x since 2025 - @vechainofficial to launch TRUST AI agent marketplace