Odaily BitMEX co-founder Arthur Hayes posted on platform X, stating that HYPE will soon hit a new all-time high, bringing the $150 target closer.

Odaily reports, according to Lookonchain monitoring, trader loracle.hl ( @loraclexyz ) currently holds a short position of 1.71 million HYPE tokens, with a position value of approximately $95.79 million. The current unrealized loss is close to $20 million.

Data shows that they are continuing to increase their short position, with the current liquidation price estimated to be around $69.78.

According to Lookonchain monitoring, multiple whales and institutions have been steadily accumulating HYPE recently.

Among them, a wallet 0xBED9 associated with Galaxy Digital purchased 158,100 HYPE worth approximately $8.8 million in the past 2 hours.

Additionally, a newly created wallet 0x4CBB has withdrawn 536,247 HYPE, worth approximately $29.87 million, from Coinbase over the past two days.

Odaily reports that according to Lookonchain monitoring, over the past week, two wallets linked to Grayscale have accumulated 510,387 HYPE, worth approximately $24.95 million, and have completed staking.

Previously, Grayscale submitted the S-1 registration statement for a HYPE ETF in January this year.

Odaily reports, OKX market data shows that HYPE has broken through $55 and is currently trading at $55.1, with a 24H increase of over 15%.

HYPE's all-time high price is $59.5, and the current price is only about 7.4% away from that record high.

According to OKX market data, HYPE has risen to $56.2, pushing Hyperliquid's fully diluted valuation (FDV) to $54.107 billion, surpassing Solana's FDV of $54.082 billion.