TLDR
- HYPE is trading at $55.39 after reclaiming key moving-average support, with bulls eyeing a $57 target
- Analyst BATMAN says HYPE rebounded from its three-day moving average and reclaimed a previously broken support level
- A whale purchased $7.29 million worth of HYPE on Coinbase, signaling large-scale accumulation
- xStocks launched tokenized stocks and ETFs on Hyperliquid, offering 24/7 access to traditional market assets
- Hyperliquid burned $1.07 million in HYPE tokens in 24 hours; total burned now stands at 47.62 million tokens, or 4.76% of max supply
Hyperliquid’s HYPE token is showing renewed strength after bouncing back from its three-day moving average. At the time of writing, HYPE is trading at $55.39, up 1.5% in the past 24 hours, with a market cap of $13.96 billion and trading volume of $252.9 million.
Crypto analyst BATMAN noted on X that HYPE has reclaimed a previously broken support level after rebounding from moving-average support. Price is now retesting that reclaimed zone, which is seen as a key area for determining whether the recovery holds.
Update on the $HYPE analysis.
Not only has price bounced strongly from the 3D MA, but Hyperliquid has also reclaimed a previously broken support level.
Now, it is retesting that same level.
I don't think this is over yet for HYPE. https://t.co/Wc2mWTOzMv pic.twitter.com/t3QzIGBnL8
— BATMAN ⚡ (@CryptosBatman) August 10, 2026
If buyers manage to defend this level, there is a path toward a move to $57. Analysts are watching for confirmation before calling a sustained breakout.
A whale purchase added to the bullish picture. Analyst Ted Pillows posted on X that a single buyer accumulated $7.29 million in HYPE on Coinbase in one transaction. Ted Pillows described it simply as “Accumulation,” pointing to growing confidence among large holders.
A whale bought $7,290,000 in $HYPE on Coinbase.
Accumulation. pic.twitter.com/TxVcG35xOD
— Ted (@TedPillows) August 10, 2026
xStocks Launches Tokenized Equities on Hyperliquid
xStocks is now live on Hyperliquid, bringing tokenized stocks and ETFs to the platform via HyperCore technology. The initial launch includes five tokenized assets, focused on those with the highest open interest in HIP-3 perpetual markets.
xStocks is now live on @HyperliquidX.
Our first deployment on HyperCore starts with a total of 5 tokenized equities and ETFs, including the leaders in open interest across HIP-3 perps.
24/7 liquidity. Meeting traders where they already are. With more assets to come. pic.twitter.com/c70lqRGOtB
— xStocks (@xStocksFi) August 10, 2026
The integration allows crypto traders to access traditional market exposure around the clock, without being restricted by standard stock market hours. It connects tokenized equities directly into Hyperliquid’s existing derivatives ecosystem.
Token Burn Rate Remains High
On the fundamentals side, Hyperliquid burned approximately $1.07 million worth of HYPE tokens in a single 24-hour window, according to Onchain Lens. The platform generated around $1.45 million in fees during the same period.
Cumulative burns now total 47.62 million HYPE tokens, valued at roughly $2.63 billion at current prices. That represents 4.76% of the total maximum supply of one billion tokens.
The burn rate reflects continued on-chain activity across the platform. Combined with the xStocks launch and growing whale interest, the data points to an active ecosystem.
HYPE’s next move depends on whether buyers can hold the reclaimed support zone and push above current levels toward $57.
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