HYPE Price Prediction January 23: Will Synthetix Founder’s Move Push Prices Higher?

• Synthetix founder’s $300K move boosts $HYPE price by nearly 22% in 24 hours.
• $HYPE’s market cap surged 21.87%, signaling strong investor interest.
• Technical indicators show bullish momentum, with RSI and MACD supporting growth.

Traders are closing in on Hyperliquid (HYPE) from its increased trading volume and strong bullish activity. Synthetix founder Kain Warwick recently bridged 300,000 $USDC to Hyperliquid, acquiring 13,768.6 $HYPE tokens at $21.77 each.

This strategic purchase, combined with heightened activity from the Hyperliquid Assistance Fund, has propelled $HYPE’s price upward. At the time of writing, the token trades at $26.26, up nearly 22% in the past 24 hours.

Market Momentum and Surging Trading Volume

Hyperliquid’s market performance has been impressive, with a 21.87% increase in its market cap, now at $8.76 billion. The 24-hour trading volume has also surged, climbing 33.41% to reach $294.19 million. This growing market activity signals heightened investor interest in $HYPE. 

Related: Bitcoin, AI, and HyperLiquid: What Web3 Accelerator Co-Founders Are Holding 

The circulating supply of $HYPE is 333.92 million tokens, out of a t…

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