Key HighlightsThe HYPE token currently trades near $85, recovering from a $50 low following a massive 240% surge from initial entry levels.An unidentified major holder acquired 343,000 HYPE tokens valued at $29M and has staked the entire position.A coalition of 30 institutional players, including UBS, Jane Street, and Bank of Montreal, collectively holds $75M in Hyperliquid ETF positions.The token secured its debut in a U.S. crypto ETF through Hashdex’s Nasdaq Crypto Index, representing a 3.4% allocation.Market participants are monitoring $105 as the next critical resistance level.The Hyperliquid HYPE token is currently hovering around the $85 mark, bolstered by significant whale accumulation, expanding institutional participation through ETF vehicles, and positive technical momentum. After rebounding sharply from its $50 floor, market focus has shifted to whether the token can break through the $105 threshold.Hyperliquid (HYPE) PriceCrypto market analyst Hov pointed out that an early position established at $26 has delivered a remarkable 240% return, while a subsequent entry around $55 has generated gains exceeding 50%. These performance figures underscore the persistent buying activity surrounding the asset.From a technical perspective, HYPE maintains a position above all primary exponential moving averages—the 20 EMA is positioned at $78.29, while the 50, 100, and 200 EMAs are aligned below in a textbook bullish configuration. Additionally, the MACD indicator confirms that buyers maintain market dominance.Major Whale Demonstrates Long-Term ConvictionBlockchain analytics platform Lookonchain identified that the wallet address “0x6436” acquired an additional 343,000 HYPE tokens in a transaction worth approximately $29.09 million. This major holder’s total position now stands at 3.24 million HYPE tokens with a current valuation of roughly $252 million.Mysterious whale 0x6436 bought another 343,000 $HYPE ($29.09M).The whale has now bought a total of 3.24M $HYPE ($252M) and staked it all.https://t.co/STukaJsamA pic.twitter.com/1PGDycsHS2— Lookonchain (@lookonchain) September 5, 2026Particularly noteworthy is the fact that this whale has staked the entire allocation, indicating a long-term investment strategy rather than short-term speculation. Such substantial commitment typically removes tokens from active circulation and demonstrates strong confidence in the project’s future prospects.Traditional Finance Firms Amass $75M in ETF PositionsJames Seyffart, an ETF analyst at Bloomberg, analyzed 13F regulatory filings revealing that 30 identified institutional investors maintained a cumulative $74.9 million in Hyperliquid ETF holdings as of the June 30 reporting date.30 Known Institutions Hold $74.9 Million in Hyperliquid ETF Exposure, 13F Data ShowsBloomberg ETF analyst James Seyffart compiled 13F data showing that, as of June 30, 30 known institutional holders had exposure to the three Hyperliquid ETFs, with combined exposure of… pic.twitter.com/eupJ26tplj— Wu Blockchain (@WuBlockchain) September 5, 2026Wu Blockchain disseminated Seyffart’s findings on X, noting that Wealth High Governance Asset Management topped the rankings with $23.9 million in exposure, trailed by OLP Capital Management with $10.5 million, UBS holding $7.5 million, Bank of Montreal with $6.7 million, and Jane Street maintaining $4.4 million. The top five firms alone represent more than 70% of all reported institutional exposure.Currently, three HYPE ETFs trade on U.S. exchanges: 21Shares introduced THYP on May 12, Bitwise subsequently launched BHYP, and Grayscale debuted HYPG in June. Collectively, these funds manage $480.86 million in total net assets and have attracted $356.58 million in cumulative net inflows since their respective launches.Additionally, HYPE secured inclusion in the Hashdex Nasdaq Crypto Index US ETF with a 3.4% weighting, positioning it as the fifth-largest component following Bitcoin, Ethereum, XRP, and Solana.Friday’s trading session saw ETF inflows totaling $10.52 million, with the entire amount directed to Bitwise’s BHYP product.The post Hyperliquid (HYPE) Gains Momentum as UBS and Jane Street Join $75M Institutional Push appeared first on Blockonomi.