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Hyperliquid Strategies Inc. (PURR) has made a bold move by transferring 12 million HYPE tokens to Hypercore and staking 425,000 HYPE, sending a strong bullish on-chain signal to the market. This action clearly reflects long-term confidence in the Hyperliquid ecosystem and its perpetual DEX infrastructure.
📌 On-Chain Highlights: Institutional Confidence Rising
PURR, a Nasdaq-listed company formed from the merger of Sonnet BioTherapeutics Holdings Inc. and Rorschach I LLC, currently holds:
12 million HYPE (≈ 1.20% of total supply)
Over $300 million in cash reserves
On-chain data confirms that all 12 million tokens were bridged from HyperEVM to Hypercore across 32 wallets, revealing the full scale of the company’s holdings.
Notably, 425,000 HYPE were staked through the Anchorage validator operated by Figment, strengthening network security and reinforcing long-term conviction.
📊 Technical Outlook: HYPE Eyes Breakout Above $35.50
At the time of analysis, HYPE trades around $34.65, slightly below the intraday high of $36.17. Price is currently testing a major resistance zone near $35.51, formed by the swing highs on October 30 and November 18.
✅ Key Technical Signals:
RSI (14): ~46 (Neutral)
→ A bullish divergence formed between the lows on Nov 22 and Dec 1, hinting at rising hidden buying pressure.
MACD:
→ Bullish crossover confirmed on Wednesday
→ Green histogram above the zero line → Bullish momentum strengthening
If HYPE manages a daily close above $35.51, the next psychological target sits at $40.00.
⚠️ Bearish Risks Still Exist
A short-term death cross may form if the EMA 50 crosses below the EMA 200, which would indicate strengthening long-term bearish pressure.
If price is rejected at resistance, HYPE could revisit:
$29.15 (Dec 1 swing low)
A deeper correction could accelerate selling momentum if death cross confirms.
🎯 Trading Plan: Buy / Sell / TP / SL (Short-Term Setup)
✅ BUY SETUP (Breakout Play)
Buy Entry: $35.60 – $36.00 (confirmed daily close above resistance)
TP1: $38.50
TP2: $40.00
Stop Loss: $33.90
✅ BUY SETUP (Pullback Play)
Buy Entry: $31.00 – $32.00
TP: $35.50 – $36.50
Stop Loss: $29.00
❌ SELL SETUP (Rejection at Resistance)
Sell Entry: $35.50 – $36.00 (if strong rejection appears)
TP: $31.50 – $30.00
Stop Loss: $37.20
⚠️ Always manage risk properly. Do not over-leverage.
✅ Summary Outlook
On-chain activity is strongly bullish
Momentum indicators favor upside
$35.51 is the key breakout trigger
$40.00 becomes realistic if bulls take control
But failure at resistance could drag price back to $29.15
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#HYPE #Hyperliquid #CryptoTrading