Anchorage Buys $3.38M HYPE Tokens

A wallet tied to institutional custodian Anchorage just loaded up on 74,175 $HYPE tokens, dropping $3.38 million via Bybit. Over the last month, this address has stacked 1.71 million $HYPE valued at $72.82 million, funneling it all into staking—signaling deep conviction in Hyperliquid's Layer-1 DEX ecosystem, which launched via community airdrop in late 2024. This move echoes broader institutional plays in high-performance tokens like Bitcoin (BTC) and emerging AI-driven assets such as TAO, boosting HYPE price prediction narratives amid volatile crypto market swings.

Zooming into the 4-hour chart, $HYPE trades at $45.71 in a clear bullish structure, hugging above the EMA50 at $42.09 and EMA200 at $41.29—those act as rock-solid long-term supports guarding against dips. MACD screams bullish with a golden cross at 0.98, while RSI at 66.48 stays neutral but edges toward overbought territory. Price probes the upper Bollinger band resistance at $46.77, hinting at short-term volatility exhaustion; expect a tactical pullback to test that EMA50 support before resuming the grind higher, especially with lower band at $35.97 as the ultimate floor in this institutional accumulation phase.