#BTCProbes60KKeySupportLevel Hyperliquid & Sui — Two Different Stories Amid the Wave

Boss, the crypto market is presenting two interesting narratives: Hyperliquid (HYPE) which continues to show resilience amid the correction, and Sui (SUI) which is gaining momentum again due to institutional capital injection. Two projects with different approaches, but both are attracting attention.
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🚀 HYPE: Resilience in the Storm
HYPE is currently trading around $63.4**, after hitting an all-time high of **$77 in mid-June. This rise makes it one of the best-performing assets this year, with a year-to-date gain of +151.81%.
What keeps HYPE strong?
1. Consistent Buyback Engine
Hyperliquid has a unique mechanism: token buybacks from transaction fees. In the last 90 days, the platform has bought back $135 million** worth of HYPE, while tokens released to the team were only **$64 million. This creates consistent buying pressure amid selling pressure.
2. Solid User Growth
Although the price has dropped, network activity has actually increased. HyperCore daily active addresses rose 17.4% in 24 hours to 68,600, and the number of HYPE holders grew by 1,109 addresses in a week. Total holders now stand at 245,260.
3. ETFs and Whales Continue to Enter
Despite ETF outflows for Bitcoin and Ethereum, HYPE investment products actually attracted **$27.9 million** last week—the strongest weekly inflow since late May. Whales are also accumulating: new address 0x987f withdrew **278,827 HYPE** (~$17.45 million) from Coinbase Prime, and address 0x2386 withdrew 96,930 HYPE (~$6.01 million) from BitGo.
4. Infrastructure Upgrade: Portfolio Margin Beta
Hyperliquid recently expanded its Portfolio Margin system to beta with higher limits. Now, accounts under $25 million can access it, with BTC and HYPE as collateral. This is a strategic move to attract professional traders and institutions by improving capital efficiency.
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🔥 SUI: Soaring with Large Capital Injection
Sui, the layer-1 blockchain and main competitor to Solana, just received a fresh boost. Lion Group Holding Ltd. announced its intention to acquire SUI tokens as part of a $600 million** crypto treasury strategy. The impact was immediate: SUI rose **4% in 24 hours** and **15% in a week**, returning to the **$3** level.
SUI's Fundamental Developments
1. Rapidly Growing Ecosystem
SUI Group Holdings Limited expanded its lending partnership with Bluefin, a leading DEX in the Sui ecosystem. They lent an additional 4 million SUI (total now 6 million) with a revenue share increase from 5% to 11%. This shows deepening institutional confidence in the Sui ecosystem.
2. Impressive Developer Growth
According to Electric Capital's report, Sui's ecosystem saw developer growth of 54% over the past two years, while most other crypto ecosystems actually lost developers. This is a strong foundation for the long term.
3. Price Performance Still Under Pressure
Despite positive news, SUI is still down 34.48% in 30 days and 29.11% in 90 days. The resistance level at $3 is key; if it holds, potential for higher levels opens up. However, SUI is currently trading at a reverse premium in the Korean market (-1.56%).
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⚖️ Comparison of Two Projects
Aspect Hyperliquid (HYPE) Sui (SUI)
Focus DEX Perpetual & Trading Infrastructure Layer-1 Blockchain
Current Price ~$63.4 ~$3
YTD Performance +151.81% Down ~30% in 3 months
Catalysts Buyback, ETF inflow, Portfolio Margin Lion Group treasury, Bluefin partnership
Sentiment Bullish medium-term Mixed—good news but price down
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🕊️ Reflection for Us
Boss, these two projects teach us that in the midst of a storm, there are always those who survive and thrive—like Mbah Joyo's teaching that "goodness never stops; it always finds a way to keep living."
HYPE shows that a coin with a clear business model—buybacks from transaction fees—can create sustainable demand.
SUI reminds us that adoption and institutional trust are long-term foundations, even if the price may not immediately reflect them.
Si Fulan — from zero, becomes a hero. 🕊️
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