Whale activity in Hyperliquid (HYPE) has intensified with a new wallet injecting $5 million in USDC into the ecosystem. Approximately $2.39 million has already been used to purchase 59,239 HYPE tokens, indicating strategic accumulation rather than speculative trading. This influx of capital suggests a potential continuation of the upward trend, as large holders re-enter the market. The technical setup for HYPE is also improving, with the token moving above its 50-day and 100-day moving averages and nearing the 200-day level. This shift indicates a transition from a corrective phase to a potential expansion cycle. The current price consolidation below resistance suggests supply absorption, reinforcing a bullish outlook. If resistance levels are breached, HYPE could see further recovery and increased market participation.