In Tandem with $HYPE—Hyperliquid's Native Token—Approaching a New All-Time High

This whale boasts an even more striking history on the Hyperliquid platform. On-chain data indicates that they’ve made over $10 million in profit

Hyperliquid's native token, $HYPE, is approaching a new all-time high, and the market around it has become more active.

This is largely due to some mighty whale purchases and the not-so-mysterious strategic positioning of a few crypto personalities.

Just in the last few hours, a big whale in the world of crypto, Buddy Huang Licheng, also known as @machibigbrother, has helped to pump up the price of HYPE past the $40 mark.

The recent price movements have underscored the burgeoning interest in the Hyperliquid ecosystem and the profit-taking strategies of veterans that have guided them to benefit from the Hyperliquid token rally over the past few weeks.

Whale Spends Nearly $10 Million on HYPE Ahead of ATH

A significant crypto whale is currently attracting much attention for a considerable buy of HYPE tokens.

During the last 2 hours, this individual has executed an order to purchase approximately 259,367 HYPE, at a cost of about $9.976 million in USDC, for an average price of $38.46 per token.

It seems likely that this HYPE buyer is acting with some conviction, given the not so small amount of money involved and the fact that the token is now approaching all-time high price levels.

$HYPE continues to attract major purchases as it nears a new ATH!

A whale spent $9.976M in $USDC to buy 259,367 $HYPE at an average price of $38.46 in the past 2 hours.

This whale has realized over $10M in all-time profit on #Hyperliquid.

Follow @spotonchain and monitor the… https://t.co/QAr4rIleqI pic.twitter.com/CA0o2FhtcK

— Spot On Chain (@spotonchain) June 10, 2025

This whale boasts an even more striking history on the Hyperliquid platform. On-chain data indicates that they’ve made over $10 million in profit from past trading activity around HYPE.

This speaks to not only their profound knowledge of the token’s market dynamics but also their ability to time trades exceptionally well.

Retail investors often see such massive purchases as very bullish signals. They tend to see these as instilling confidence in the price trend.

With $HYPE trading above $40 and seemingly in a strong uptrend, the price trend has also been helped along by organic demand and some high-profile investors making themselves known.

Buddy Huang Licheng Locks in Millions in Profit

As a number of whales have begun to enter the market, a select few have also started to exit—reaping some pretty substantial profits after riding the recent bull wave.

Buddy Huang Licheng, known online as @machibigbrother, has been one of the most closely followed participants in the HYPE ecosystem. He began building his position in May by purchasing 200,000 HYPE spot at a price of $29.40.

As the price trajectory confirmed a bull pattern, he significantly increased his exposure by entering leveraged positions.

随着 $HYPE 价格上涨突破 $40，麻吉大哥黄立成 (@machibigbrother) 开始逐步平多 $HYPE 进行止盈，他目前在 HYPE 上浮盈 $650 万。

他在 5 月份以 $29.4 的价格购买了 20 万枚 HYPE 现货，然后又通过合约以 5x 杠杆做多了 65 万枚 HYPE，开仓均价 $35.6。

随着 $HYPE 价格上涨突破… https://t.co/lG6UornotP pic.twitter.8qmZqm

— 余烬 (@EmberCN) June 10, 2025

Trading data reveal that Licheng established long positions on 650,000 HYPE tokens, utilizing 5x leverage at an average entry price of $35.60.

His strategy has reaped fantastic rewards so far and, as of now, has netted him an unrealized profit of approximately $6.5 million, all thanks to HYPE’s rocket-like price ascent well above the $40 mark.

Spotting a chance to lock in profits, Licheng has slowly begun to lessen his exposure. He has started to fold portions of his leveraged long position, turning virtual gains into actual ones.

Even after trimming a bit, he still sits on 440,000 HYPE long contracts and has all 200,000 HYPE spot holdings left. This suggests he is still juiced to the gills with the HYPE, even if he is skimming a bit off the top.