AdKey takeaways:HYPE surged 60% to $34.90, fueled by institutional investor accumulation from Hyperliquid Strategies and reduced selling after staking unlocks. Hyperliquid (HYPE) surged to $34.90 on Wednesday, climbing from $21.80 just two days prior. X user lukecannon727 raised suspicions regarding whether the company Hyperliquid Strategies (PURR US) has been diverting flows away from market maker Flowdesk. This came after users flagged a 3.6 million HYPE accumulation initiated on December 12, 2025. The latest large staking unlock from Continue Capital occurred on Jan. 21, totaling 1.47 million HYPE.