The wider market of cryptography was faced with a shock earlier during the day while the geopolitical tensions between Israel and Iran have triggered a wave of sales. Among the affected tokens was the hyperliquid media, which saw a sharp intra -day decline. However, the token now shows signs of recovery.
Trading at $ 39.63 at the time of the press, the media threshing (hype) gradually bounces from the clear drop it suffered earlier. The token had recently climbed above $ 43, fixing a new summit of all time after several days of strong ascending dynamics. However, he quickly dropped to $ 37, marking a decline of 14.2% in a few hours.
The sharp fall of hype reflected the slower deception of the larger market, with Bitcoin (BTC) and several altcoins displaying even deeper losses during the same period of time. But with the tensions that soften, the token recovered approximately 6% of its intraday hollow and remains up 15% in last week.
The global positive performance has resulted in a bullish feeling among investors who, despite the recent decline, continue to do everything.
Whales are betting on media threshing
Tony G Co-Investment Holdings recently announced the purchase of 10,387 media threshings, worth more than $ 438,000. The purchase makes the company the first public company to add the assets to its treasure.
The firm stressed that hyperliquid is the “new home of decentralized finances”, stressing its potential and expressing its confidence in its future.
The purchase of Tony G is based on several important acquisitions by other holders of large positions. Earlier this week, three separate investors increased 70,617, 28,500 and 57,372 media threshing respectively, totaling around 5 million dollars in combined purchases.
A positive feeling goes up around the token, driven by new exchanges and partnerships. If the momentum holds, the media threshing could soon hold back its top of all time and potentially push even higher.
