Whale Offloads $15M in HYPE Tokens as Market Eyes New $60 Price Target

The Hyperliquid (HYPE) market has demonstrated strong resilience following a major whale liquidation of 450,000 tokens worth $15.012 million. Despite the initial sell-side pressure, the price surged by 4% today, showing stability after a successful retest of its breakout level. Current price action shows consolidation just below the critical $45 resistance level as demand continues to absorb the whale's supply. This bullish momentum has prompted analysts to revise their forecasts, raising the price target from $40 to $60. The market's ability to maintain its upward trajectory after such a large exit underscores growing investor confidence in the project's fundamentals. Traders are now closely monitoring the $45 threshold, which could serve as a launchpad for the next leg of the rally toward the new targets.