超流動性的炒作集會：向新的Aths騎行

Hyperliquid的大肆宣傳令牌陷入了撕裂，鯨魚的積累，鏈上的活動激增和戰略性的Stablecoin倡議所吸引。這是大事的開始嗎？

Hyperliquid's HYPE Rally: Riding the Wave to New ATHs

超流動性的炒作集會：向新的Aths騎行

Hyperliquid's native token, HYPE, is making waves in the DeFi space, recently hitting a new all-time high (ATH) amid a flurry of activity. Whales are scooping up tokens, on-chain activity is surging, and strategic stablecoin initiatives are adding fuel to the fire. What's driving this HYPE rally, and can it last?

Hyperliquid的天然令牌haspe在偏移空間中引起了波浪，最近在一系列活動中擊中了新的歷史最高（ATH）。鯨魚正在挖出代幣，鏈上的活動正在激增，戰略性的穩定計劃正在為火災增加燃料。是什麼推動了這次炒作集會，可以持續嗎？

Whales are Hungry for HYPE

鯨魚渴望炒作

Institutional investors are showing serious conviction in Hyperliquid. Recent data reveals that whales have spent a cool $9.46 million acquiring HYPE tokens. One whale alone deposited $8 million into Hyperliquid, snapping up 86,322 HYPE tokens worth $4.88 million. Spot Netflow has remained negative for two consecutive weeks, indicating that more HYPE is being withdrawn from exchanges than deposited – a classic sign of aggressive accumulation.

機構投資者在超流動中表現出嚴重的信念。最近的數據表明，鯨魚花費了946萬美元的收購炒作令牌。僅一條鯨魚就將800萬美元存入了超流動液中，搶購了86,322個炒作令牌，價值488萬美元。斑點網絡連續兩周保持陰性，這表明從交流中撤出更多的炒作比沉積是積極積累的經典跡象。

On-Chain Activity Goes Wild

鏈活動狂野

It's not just the big players getting in on the action. Hyperliquid's on-chain network activity has exploded. Cumulative Trades have surged to 147 billion, and Total Users have jumped to 669.8k. The number of New Users spiked by 42%, demonstrating strong adoption. Transactions Per User hit a new all-time high of 20.5, showing increased engagement from existing users. This suggests the price rally is backed by genuine demand and increased network usage.

這不僅是大型球員參與其中。 Hyperliquid的鏈上網絡活動爆炸了。累計交易已經飆升至1470億，總用戶躍升至669.8K。新用戶的數量飆升了42％，表明採用強勁。每個用戶的交易達到了新的20.5的新歷史高度，顯示現有用戶的參與度增加。這表明價格集會得到了真正的需求和增加網絡使用的支持。

Stablecoin Strategy Adds Fuel to the Fire

Stablecoin策略為火災增加了燃料

Hyperliquid's strategic push into stablecoin development is also contributing to the HYPE rally. The announcement of USDH, a proposed stablecoin initiative designed to serve as an alternative to existing bridged assets like USDC, has boosted investor confidence. While Ethena withdrew its proposal for USDH, citing community concerns, the focus on stablecoin development highlights Hyperliquid's commitment to expanding its ecosystem and increasing the utility of the HYPE token.

Hyperliquid進入Stablecoin開發的戰略促進也有助於炒作集會。擬議中的Stablecoin倡議宣布USDH旨在作為USDC等現有橋樑資產的替代方案，它增強了投資者的信心。儘管埃塞納（Ethena）撤回了對USDH的提議，並引用了社區的關注，但對Stablecoin開發的關注強調了Hypliquid致力於擴大其生態系統並增加炒作令牌的實用性。

Can the Uptrend Continue?

上升趨勢可以繼續嗎？

AMBCrypto's analysis suggests that HYPE's rally is driven by both whale and retail buyers, with strong on-chain activity indicating organic demand. If these positive sentiments persist, Hyperliquid's uptrend could continue. However, if the ATH incentivizes holders to take profits, downward pressure could cause HYPE to retrace.

Ambcrypto的分析表明，HYPE的集會是由鯨魚和零售買家驅動的，鏈上的活動表明有機需求很強。如果這些積極的情緒持續存在，那麼超流動性的上升趨勢可能會繼續下去。但是，如果ATH激勵持有人獲得利潤，則向下壓力可能會導致炒作反擊。

Final Thoughts: HYPE is Real

最終想法：炒作是真實的

Hyperliquid's HYPE token is definitely having its moment. With strong fundamentals, growing institutional interest, and a vibrant community, the platform is positioning itself as a major player in the DeFi space. Whether the rally continues or not, one thing is clear: Hyperliquid is one to watch. So, buckle up and enjoy the ride – it's gonna be wild!

Hyperliquid的大肆宣傳令牌肯定是有機的。該平台憑藉強大的基本原理，日益增長的機構興趣以及充滿活力的社區，將自己定位為Defi領域的主要參與者。不管集會是否繼續，一件事很清楚：超流動是值得關注的。因此，搭扣並享受旅程 - 它會很瘋狂！