HYPE whale offloads $19.88M near $61 as open interest tops $2.5B

HYPE extended a strong uptrend into late May, rising 133% in 90 days from below $30 to about $64.27, while open interest moved above $2.5 billion and buybacks continued. On May 20, ETF products linked to HYPE recorded cumulative inflows of roughly $81 million, with daily inflows peaking near $25.5 million. A large holder then sold 321,000 HYPE worth about $19.88 million around the $61 area, raising questions about whether demand can absorb profit-taking under elevated leverage.