Hyperliquid Draws 25M in New Wallet Inflows as FUD Fails to Shake Buyers

Hyperliquid’s native token HYPE continues to show strength. Even as fear and doubt pressure the broader market. According to new data from Nansen, trading volume has stayed between $50 million and $170 million during the recent downturn. That steady activity signals one clear message. Buyers are still active.

Instead of panic selling, traders appear to be using the dip as an entry point. On December 1 alone, HYPE recorded $94.6 million in daily volume. Even as prices tested short-term support near the $29 level. This kind of action often reflects confidence beneath the surface. While sentiment may look shaky on social media, on-chain data tells a calmer story.

$25 Million in Fresh Wallet Inflows Signals Growing Confidence

At the same time, new wallets added nearly $25 million in fresh capital to the HYPE ecosystem. That inflow came right in the middle of the recent sell-off. This move shows that new participants still see long-term value. In addition, Big Brain Holdings built a $3.4 million position during the downturn. That accumulation stands out, especially during a period filled with negative headlines. 

Large funds usually move with patience. They do not chase hype. Instead, they buy when fear clouds the market. Moreover, Nansen data shows that only 23% of unlocked HYPE tokens have moved toward the market. While nearly 40% went back into staking. This behavior reduces sell pressure and strengthens market stability.

Fundamentals Stay Strong With Real Revenue Support

Even more important, Hyperliquid still generates real protocol revenue. This fact separates it from many speculative projects that rely only on hype. The platform’s high-performance perpetual trading system continues to attract serious traders. In October alone, Hyperliquid recorded over $317 billion in total perpetual trading volume. Including a single-day peak of nearly $78 billion. These numbers support the idea that Hyperliquid remains a core player in the decentralized trading space.

Meanwhile, a recent team unstaking event involving 2.6 million HYPE tokens raised short-term concerns. However, blockchain data shows those tokens moved across internal wallets, not straight to exchanges. Meanwhile, large holders continued to accumulate. On top of that, the protocol’s Assistance Fund buyback program uses revenue to repurchase HYPE from the market. This steady buy-side pressure helps absorb selling during unlock periods.

Technical Structure Still Leans Bullish

From a chart perspective, HYPE has formed lower highs and lower lows since its early November peak. However, price has now entered a consolidation zone between $30 and $32. Analysts often view this structure as a potential falling wedge, which historically leans bullish. At the same time, recent developer upgrades under Hyperliquid’s HIP-3 Growth Mode make it cheaper and easier to launch new perpetual DEX tools. That improvement may increase long-term platform activity and liquidity.

In short, while short-term fear dominates the headlines, the core data tells a different story. With strong revenue, steady volume, major fund accumulation, and $25 million in fresh wallet inflows. Hyperliquid continues to show resilience. Currently, buyers remain in the game. And despite the noise, the structure underneath still looks solid.