The HYPE token of the Hyperliquid platform just set a new record high, surpassing 40 USD, as 'whales' suddenly increased their accumulation.
Whales enter the game: a sign of long-term confidence?
The main driver behind HYPE's surge comes from the large-scale buying activities of big wallets – commonly referred to as 'whales'. The active accumulation by whales is not merely a short-term speculative act but seems to reflect a strategic belief in the model that Hyperliquid is pursuing: a truly decentralized platform not reliant on capital.
While many other DeFi projects still depend on funding from large funds – meaning they are easily influenced and manipulated – Hyperliquid goes against the tide. This project does not accept VC investment; instead, it chooses to develop based on user participation and commitment.
The highlight of Hyperliquid lies in how they implement the airdrop program. Hyperliquid allocates up to 31% of the total HYPE supply to over 90,000 users.
Jeff – the founder of Hyperliquid Labs – stated clearly:
“We built this platform to serve users, not VCs. This airdrop is to give value to the community, not to institutional speculators.”
This message has clearly resonated. After completing the airdrop, Hyperliquid's user base doubled.
HYPE and the future of DeFi: signal or bubble?
Although there is no new information about recent legal developments, HYPE continues to grow. Notably, in previous instances when Hyperliquid engaged with agencies like the CFTC,
However, this price increase is not tied to policy announcements. Instead, it seems to reflect a strong internal trend:
However, the accumulation by whales raises the question: will HYPE still maintain its 'decentralized' nature as power gradually concentrates in a few large wallets? This question needs to be taken seriously if Hyperliquid wants to become a model for the next generation of DeFi platforms.
Conclusion: Hyperliquid – a model, a manifesto?
Price growth is not everything. More importantly, HYPE is becoming a living proof of an alternative pathway in DeFi.
If Hyperliquid continues to uphold this spirit, they are not only pushing HYPE to new heights but may also redefine the standards for the entire decentralized finance industry.