超流动性的炒作集会：向新的Aths骑行

Hyperliquid的大肆宣传令牌陷入了撕裂，鲸鱼的积累，链上的活动激增和战略性的Stablecoin倡议所吸引。这是大事的开始吗？

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

超流动性的炒作集会：向新的Aths骑行

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在偏移空间中引起了波浪，最近在一系列活动中击中了新的历史最高（ATH）。鲸鱼正在挖出代币，链上的活动正在激增，战略性的稳定计划正在为火灾增加燃料。是什么推动了这次炒作集会，可以持续吗？

Whales are Hungry for HYPE

鲸鱼渴望炒作

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 Spot Netflow has remained negative for two consecutive weeks, indicating that more HYPE is being withdrawn from exchanges than deposited – a classic sign of aggressive accumulation.

机构投资者在超流动中表现出严重的信念。最近的数据表明，鲸鱼花费了946万美元的收购炒作令牌。仅一条鲸鱼就将800万美元存入了超流动液中，抢购了86,322个炒作令牌，价值488万美元。斑点网络连续两周保持阴性，这表明从交流中撤出更多的炒作比沉积是积极积累的经典迹象。

On-Chain Activity Goes Wild

链活动狂野

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.

这不仅是大型球员参与其中。 Hyperliquid的链上网络活动爆炸了。累计交易已经飙升至1470亿，总用户跃升至669.8K。新用户的数量飙升了42％，表明采用强劲。每个用户的交易达到了新的20.5的新历史高度，显示现有用户的参与度增加。这表明价格集会得到了真正的需求和增加网络使用的支持。

Stablecoin Strategy Adds Fuel to the Fire

Stablecoin策略为火灾增加了燃料

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进入Stablecoin开发的战略促进也有助于炒作集会。拟议中的Stablecoin倡议宣布USDH旨在作为USDC等现有桥梁资产的替代方案，它增强了投资者的信心。尽管埃塞纳（Ethena）撤回了对USDH的提议，并引用了社区的关注，但对Stablecoin开发的关注强调了Hypliquid致力于扩大其生态系统并增加炒作令牌的实用性。

Can the Uptrend Continue?

上升趋势可以继续吗？

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的集会是由鲸鱼和零售买家驱动的，链上的活动表明有机需求很强。如果这些积极的情绪持续存在，那么超流动性的上升趋势可能会继续下去。但是，如果ATH激励持有人获得利润，则向下压力可能会导致炒作反击。

Final Thoughts: HYPE is Real

最终想法：炒作是真实的

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的大肆宣传令牌肯定是有机的。该平台凭借强大的基本原理，日益增长的机构兴趣以及充满活力的社区，将自己定位为Defi领域的主要参与者。不管集会是否继续，一件事很清楚：超流动是值得关注的。因此，搭扣并享受旅程 - 它会很疯狂！