HYPE rose 10% in a single day, breaking through 33 USD, as nearly 1 billion USD merger deal ignited the market.

DAOplomacy

2025-12-02 21:20:16

[Coin World] The recent pump of HYPE has been quite strong, with the price breaking through the $33 mark and a daily rise of over 10%. On the technical side, a classic double bottom pattern has emerged - this signal often indicates that the downtrend may be about to reverse.

Behind this round of rise is a big move: the merger between Sonnet BioTherapeutics and Hyperliquid Strategies has finally landed. This deal is not small; after the two companies combine, they will create a digital asset pool close to $1 billion, and 65% of the positions will be allocated to HYPE tokens.

The warming market sentiment can be traced. On one hand, institutional funds are starting to pay attention to the decentralized perpetual contracts; on the other hand, retail investors' acceptance of such assets is obviously increasing. The combination of these two forces naturally raises bullish expectations.

HYPE2.76%

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LiquidationSurvivor

· 3h ago

The double bottom reversal theory is being mentioned again. Every time they say this, but it still ends up being just a sideways market. A $1 billion pool sounds good, but with 65% concentrated in HYPE, that’s quite a bold risk appetite. Institutions and retail investors both taking the bag? I can’t shake the feeling that latecomers are always the ones who end up taking heavy losses.

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MetaverseHomeless

· 16h ago

Double bottom reversal? Whether it can hold this time still depends on the follow-up, don't let it be a bull trap again. This merger case feels really intense, 65% pressure on HYPE is pretty harsh. With a 1 billion asset pool coming in, institutions and retail investors are working together, there is indeed motivation in the short term. But at this position of 33 dollars, I need to see how long it can hold before I dare to take action.

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AirdropNinja

· 16h ago

Double bottom reversal? Can we not crash this time? What happened to the next wave we talked about?

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AirdropLicker

· 17h ago

Double bottom reversal? Can it hold this time, or will it be another Be Played for Suckers?

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LightningLady

· 17h ago

The double bottom breakout strategy is back again, every time they say reversal but what happens? Can $33 hold? The merger proposal landed with 65%配HYPE, this bet is a bit aggressive, but since institutions are here, should we still follow? Retail investor acceptance is rising? To put it simply, FOMO is back again.

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TooScaredToSell

· 17h ago

Is the double bottom pattern reliable? It feels like hindsight is 20/20. A $1 billion merger sounds good, but is 65% all in HYPE a bit too aggressive? Does institutional entry always mean a rise? I'm still a bit hesitant. This wave of rise is fast, so the pullback will probably be fast too.

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