Key Notes
- DACM increased its HYPE holdings beyond $1 million.
- The asset manager withdrew 15,000 tokens from FalconX on December 4.
- Hyperliquid’s HIP-3 custom markets have exceeded $5 billion in total trading volume.
On December 4, DigiAssetFund (DACM) withdrew 15,000 HYPE
THRESHING
$28.15
24h volatility:
6.2%
Market capitalization:
$7.62 billion
Flight. 24h:
$369.24 million
worth approximately $525,000, from FalconX. According to blockchain analytics platform Nansen, the transfer brought their total hyperliquid holdings in this wallet to over $1 million.
.@DigiAssetFund (DACM) just withdrew 15K $HYPE (~525,000 USD) from @FalconXGlobal
They now hold over $1 million in $HYPE in this portfolio. pic.twitter.com/mbpkjk6hxp
-Nansen 🧭 (@nansen_ai) December 4, 2025
The same day, DACM Executive Chairman and CIO, Richard Galvin, announcement a major investment in Ostium Labs’ Series A round.
Galvin said the global CFD market moves more than $10 trillion every month, but it still relies on outdated and opaque systems that often trade against users. DACM is supporting Ostium to rebuild this infrastructure via Oracle-based and RFQ-based perpetuals.
Hyperliquid Custom Markets Reached $5 Billion in Volume
Meanwhile, Hyperliquid’s HIP‑3, which enables permissionless, user-deployed perpetual markets, has generated more than $5 billion in trading volume in these custom markets. Traders have started exploring new synthetic assets tied to tech stocks and non-crypto indices.
HIP-3 pairs just surpassed $5 billion, with a total of 21,831 traders.
$4.92 billion was exchanged @tradexyz.
$93.47 million on @felixprotocol.
$28.78 million on @ventuels. pic.twitter.com/CD1y7lkKvE– Hyperliquid News (@HyperliquidNews) December 3, 2025
Hyperliquid’s specialized Layer 1 infrastructure enables high-speed derivatives execution without the need for centralized intermediaries. Additionally, HIP‑3 allows manufacturers to launch equity-like perpetual securities as well as standard crypto derivatives.
HYPE Price Analysis: Testing a Major Trendline
The HYPE chart shows the token sitting just below a clearly descending trendline that has capped every rally for months. The current price sits near $34.78 with the Bollinger Bands at $40.38 (upper), $35.04 (mid), and $29.70 (lower).
HYPE has also bounced multiple times from a strong support block marked between 29 and 31. This area has existed since early summer.
Interestingly, the RSI stands at 46.74 while the balance of power is close to 0.03, which means a slight presence of buyers.
Trendline Closing HYPE Rallies for Months | Source: TradingView
A decisive breakthrough above the descending trendline, especially above the $40 region, the next target would be $52, a possible 50% rebound from current levels. This potential upward movement makes HYPE one of the best crypto to buy in the current cycle.
However, if HYPE deviates from the trendline again, the price could return to the $29 support level. Loss of this support zone could lead to a larger pullback towards $24.
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Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
A crypto journalist with over 5 years of industry experience, Parth has worked with leading media outlets in the crypto and finance world, gaining experience and expertise in the field after surviving both bear and bull markets over the years. Parth is also the author of 4 self-published books.
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