Bitwise just threw down 55 million dollars—so hard it’s unreal. HYPE has directly entered price discovery mode.

CryptoWorld News reports that the asset management firm Bitwise has recently increased its investment in Hyperliquid, with its single-day purchase amount reaching $20 million, driving the HYPE price to keep rising. According to data from blockchain tracking platform Arkham, Bitwise’s total HYPE holdings have now reached $55 million. In addition, Bitwise’s customers have also purchased a total of $41.8 million worth of HYPE through its BHYP product over the past week. Market analyst Ali Martinez said that HYPE is currently in the price discovery stage, with a target price of $97; if it breaks through this level, it may move close to $100. Market attention on HYPE continues to grow, especially as its price keeps setting new highs.