Bitwise: Deposits 50,480 HYPE into FalconX

Bitwise deposited 50,480 HYPE ($3.28M) into FalconX. As of 7th June 2026, they were holding 1,553,865 HYPE worth $96.8M.

Price sits at $62.17 inside the Bollinger band with upper resistance at $65.16; the neutral RSI(14) at 49.96 and MACD golden cross suggest limited momentum, so a retracement to EMA50 support at $63.15 remains the highest-probability next move before any extension. Institutional HYPE holdings updates like this directly shape HYPE price prediction models and broader crypto market flows, while similar on-chain activity in names such as TAO continues to influence AI industry impact narratives.