HYPE Supply Shrinks as Whales Load Up: Is $100 Next?

Hyperliquid has hit a milestone with over 1.32 million dollars worth of HYPE tokens removed from circulation. This burn mechanism, paired with heavy buying from large holders, has created a bullish atmosphere for the asset as supply continues to drop.

The price action remains focused on the 83.82 dollar support level. Traders are watching this point closely because it serves as the foundation for the current upward trend. If the price holds steady here, market participants are looking toward the 100 dollar mark as the next major target.

While the momentum is strong, traders should keep an eye on how these whales manage their positions. Large accumulation often signals confidence, but markets can shift quickly. Monitoring the volume around the key support level will be vital for anyone tracking the path to triple digits.