The crypto market has bounced back in the last 24 hours, with total market capitalization climbing to $3.87 trillion, up 2.37% on the day. Bitcoin reclaimed strength with a 1.25% jump to $111,526, while Ethereum surged 4.45% to $4,629 after dipping near $4,300 earlier in the week. XRP and BNB also joined the upswing, posting 4.12% and 2.34% gains respectively. Yet, the attention is now shifting toward Hyperliquid, one of the fastest-growing players in the altcoin space. HYPE rallied more than 12% in the same period, trading above $50.82 and outperforming many top-tier coins. Analyst Ali Martinez said that if the token breaks its current resistance, it could quickly rise to $55. Source: AliCharts Hyperliquid is showing a bullish trend as it pushes above the $49–50 resistance zone. If it holds this level, the price could climb to $52 and then $55, with a chance of reaching $58 later. The chart also shows possible pauses before each move higher. But if the price slips back under $49, it may fall toward the $44–42 area again. Why is HYPE Making Headlines? One of Bitcoin’s earliest and largest holders made a move that shocked the market. This whale, who once received 100,000 BTC and now holds over $11.4 billion worth, has started moving a big part of his Bitcoin into Ethereum. The platform he used for this move is Hyperliquid. On-chain data shows the whale sent 22,000 Bitcoin into Hyperliquid, a massive sum valued at billions of dollars. From there, he bought 472,000 Ethereum worth $2.2 billion and opened an additional long trade of $577 million. The scale of this action is huge, but the bigger story is that it all happened on Hyperliquid. The Bitcoin OG who received 100,784 $BTC($642M then, now $11.4B) 7 years ago is frantically dumping $BTC for $ETH.In the past 5 days, they've deposited ~22,769 $BTC($2.59B) to #Hyperliquid for sale, then bought 472,920 $ETH($2.22B) spot and opened a 135,265 $ETH($577M) long.… pic.twitter.com/uciVTlxR5W — Lookonchain (@lookonchain) August 25, 2025 Hyperliquid has been gaining traction fast. In just the last 24 hours, it collected $6 million in trading fees, more than Solana, Tron, and even Ethereum combined. Hyperliquid eating up the market wildly.Eth & sol even cant reach out $2m in fess meanwhile Hyperliquid breaks $6m smoothly. pic.twitter.com/Zyn5wfFDtT — Sara.hl (@Saram_ath) August 24, 2025 The platform is also seeing a rise in activity across its ecosystem. Project X, the top DeFi protocol running on Hyper EVM, recorded $225 million in daily trading volume, showing strong growth from both traders and developers. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.