HYPE has surged to a new all-time high of $65, driven by significant accumulation from prominent trader Garrett Jin. Jin, known for his accurate $735 million short position on Bitcoin before the October market crash, has acquired 145,050 HYPE tokens worth approximately $9.05 million. Additionally, he has set a TWAP order to purchase another 39,940 HYPE, valued at $2.44 million, indicating a strategic, long-term accumulation approach. Jin's HYPE investment is part of a broader $77 million portfolio, which includes a $38.9 million long position in Bitcoin and a $38 million short position in Zcash. This diversified strategy underscores his confidence in HYPE's potential amidst a challenging market environment. The recent breakout has propelled HYPE into a price discovery phase, with strong volume and momentum suggesting sustained buying interest. As HYPE remains above its previous resistance levels, the market anticipates increased volatility and potential profit-taking.