Anchorage: Withdraws $7.38M HYPE from Gate and OKX

Anchorage linked wallet withdrew another 142,308 $HYPE worth $7.38M from Gate and OKX, adding to 2.527M tokens purchased for $140M over the past month and sent directly to staking.

Price action on the 4h chart shows HYPE holding a bullish structure above both the EMA50 at $47.11 and EMA200 at $43.21. With price testing upper Bollinger resistance at $58.05 while RSI flashes overbought at 77.85, a healthy retracement to the 50-EMA support at $47.11 seems probable before further continuation.

Traders tracking HYPE price prediction and crypto market crash scenarios should monitor staking inflows alongside AI industry impact on token demand.