Hype Coin Sees Trading Volume Surge Amidst Top Trader's Bearish Bet
Hype, the original coin of Layer 1 blockchain Hyperliquid, has seen a significant increase in daily trading volume, growing by 8.4% to approximately 634 million. This growth comes amidst a bullish week for Hype, with a +20.50% price change compared to the crypto market's +10.30%.
On October 3, 2025, a top trader on Hyperliquid took an aggressive stance against Hype's momentum, increasing their short position to 316.83K. This move, which contradicts Hype's recent positive price action, highlights the tension between speculative strategies and stock market today fundamentals. The trader's last short offer was at $49.90, with a value of $15.28K, indicating an average purchase price of $49.68. Their liquidation point is set unusually high at $2,665.38.
The trader has shorted about 6,377 tokens at an average entry price of $49.68. Despite this bearish position, the international crypto economy has grown over 10 percent within the last seven days, with increasing liquidity on decentralized exchanges. Hyperliquid, optimized for perpetual futures and trading, has seen its coin Hype perform well in recent weeks.
While Hype's daily trading volume and weekly price change indicate a positive trend, a top trader on Hyperliquid has taken a significant short position, suggesting potential short-term volatility. The crypto market's overall growth and Hyperliquid's increasing liquidity may influence Hype's performance in the coming days.
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