Crypto whales are betting big on Hyperliquid, with its price soaring 10% to a new all-time high (ATH) today.
But as Hyperliquid rallies, a new project, Best Wallet Token, is also generating whale interest. Which one is primed for bigger gains?
HYPE Price Booms on Rising Whale Buys
Sophisticated traders are deepening their Hyperliquid positions this month, causing its price to skyrocket.
While Bitcoin was red over the weekend, $HYPE created a new all-time high.
It currently trades at $38.49, up 11% today, 50% this week, and 112% this month. The price created a new ATH of $39.93 just three hours before press time, but with how things are moving, it could well create another record high today.
The move is fueled by whale money, with blockchain analytics account LookOnChain reporting that five crypto whales have spent $27.8 million to buy $HYPE in the last two days.
Such a bold financial commitment suggests that these whales expect big things from Hyperliquid in the coming weeks.
On Sunday, LookOnChain reported how two whales spent a total of $10.89 million on $HYPE. One whale invested a jaw-dropping $8.09 million into $HYPE at an average price of $34.35. This signals they’ve made over $800K in profits already.
However, this same whale bought approximately $7 million more $HYPE the next day, suggesting that its buying spree isn’t slowing down.
Hyperliquid is rapidly drawing interest from crypto’s rich and wealthy, but what’s causing this?
$HYPE Publicity Boon from High-Stake Futures Traders
Surging ecosystem activity appears to be the primary driver behind Hyperliquid’s growth.
For the uninitiated, Hyperliquid is a layer 1 blockchain focusing on decentralized perpetual futures trading. This means users can trade around the clock without going through a central intermediary.
Hyperliquid stands out from other decentralized futures platforms because of its deep liquidity, wide selection of supported tokens, low fees, and high speeds.
The spotlight started to shine as early Pepe investor James Wynn gathered success in his futures trading activity. At one point last week, he took the biggest-ever Bitcoin long position in Hyperliquid’s history, wagering $25 million at 40x leverage.
LookOnChain reports how he has since closed his trades, walking away with $25.2 million in profits in 75 days. The analyst noted that Wynn contributed $2.31 million in fees to the platform.
LookOnChain also reported how another trader who goes by @machibigbrother on X generated $2.1 million profits on Hyperliquid last week.
This high-stakes whale activity doesn’t just provide credibility; it creates headlines, and headlines attract investors.
But another similar project making headlines right now is Best Wallet Token. Everyone from top industry analysts to leading media outlets like Cointelegraph and CryptoPotato are talking about it.
Crypto Whale Predicts 100X $BEST Gains: Top Altcoin to Buy?
Like Hyperliquid, Best Wallet Token is generating serious whale interest. But what makes $BEST stand out is that it appears undervalued compared to $HYPE. While $HYPE is worth $12 billion, $BEST is undergoing a presale and has raised $10 million so far.
For that reason, experts suggest $BEST could have huge upside potential.
At its core, Best Wallet aims to change how users interact with blockchains. By definition, it’s a self-custody crypto wallet. But in reality, it’s more like a crypto super app.
It’s not just for storing cryptocurrencies; Best Wallet has a futures trading feature, a cross-chain DEX connected to over 60 different blockchains, a crypto debit card, a token launchpad, a presale aggregator, and more.
The project is jam-packed with value, but users can get even more out of it by holding $BEST. This provides trading fee discounts, higher staking yields, governance rights, and access to promotions on partner projects.
All of this is drawing serious interest from high-profile whales. For instance, prominent YouTuber Jacob Bury recently told viewers on the 99Bitcoins YouTube channel that $BEST could have room for a 100x gain.
Currently, investors can buy $BEST for $0.025085, but this price will rise throughout the presale.
The next increase will occur in one day, leaving limited time for investors to catch the best possible price.
Visit Best Wallet Token Presale
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.
