Hyperliquid's HYPE token is approaching the $50 resistance level, currently trading at $49.55, as whale accumulation and buybacks drive momentum. The token demonstrates resilience despite market corrections, with open interest exceeding $1.9 billion and a notable increase in bullish sentiment. Whale activity has intensified, with over 70% of positions being long, contributing to increased order sizes. Additionally, token burns have accelerated to $3 million daily, aiding in price stability as the market anticipates November unlocks.