Whale Bets $7.4M on HYPE as Bullish Conviction Mounts

Edgen Crypto

·Mar 15 2026, 07:30

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Key Takeaways

A highly profitable whale investor, identified as loracle.hl, has significantly increased their leveraged long position on Hyperliquid's HYPE token, signaling strong bullish conviction. This move occurs as technical chart patterns and influential analysts point toward substantial upside potential for the asset, driven by strong fundamentals and expanding use cases.

Whale Activity: An on-chain entity known as loracle.hl boosted their 5x leveraged HYPE long position to $7.37 million, despite holding an unrealized loss of over $600,000 on a separate short position.
Technical Outlook: The HYPE token chart has formed a bullish cup-and-handle pattern, suggesting a potential breakout above the $35 resistance level could target the $50 price region.
Long-Term Thesis: BitMEX co-founder Arthur Hayes has presented a case for HYPE reaching $150 by August 2026, citing the protocol's revenue-sharing model and its growing traction in macro-asset trading.

Whale 'loracle.hl' Boosts HYPE Long to $7.37M

A prominent whale investor, tracked by the address loracle.hl, has increased their 5x leveraged long position in the HYPE token to 196,353 tokens, valued at approximately $7.37 million. On-chain data reveals this trader has a total portfolio profit exceeding $23.57 million, underscoring their successful track record. The large, leveraged bet on HYPE demonstrates significant confidence, especially as the same entity is currently holding an unrealized loss of over $600,000 on a short position against crude oil perpetuals (CL).

HYPE Targets $50 on Bullish Technical Pattern

The whale's accumulation coincides with a constructive technical setup for the HYPE token. On the daily chart, HYPE has formed a cup-and-handle pattern, a classic bullish continuation signal. The price is currently consolidating within the "handle" after forming a rounded bottom. A decisive breakout above the pattern's neckline, located in the $34–$35 range, would confirm the signal and project a technical price target near $50. This potential move aligns with the 0.786 Fibonacci retracement level, adding further weight to the near-term bullish outlook.

Arthur Hayes Projects $150 Target by August 2026

Beyond the immediate technicals, BitMEX co-founder Arthur Hayes has outlined a more aggressive long-term thesis, projecting HYPE could reach $150 by August 2026. His argument centers on Hyperliquid's powerful value-accrual mechanism, where approximately 97% of protocol revenue is used to buy back HYPE from the open market. This creates a supply-demand imbalance that favors price appreciation as platform volume grows. Hayes also highlights Hyperliquid's successful expansion into macro-asset trading, noting that its crude oil perpetuals recently surpassed its ETH perpetuals in 24-hour volume, demonstrating its widening appeal beyond a crypto-native audience.