Galaxy Digital: Unstakes 1M HYPE Tokens for $61M

Galaxy Digital unstaked 1 million HYPE tokens worth $61.16 million four hours ago, then routed 500,000 HYPE valued at $30.36 million straight to OKX and Bybit.

The tokens had sat in staking for eight months at a $45.7 average entry, locking in at least $15.4 million in gains on the move.

Price action on the 4h chart shows HYPE trading at $62.41 inside the Bollinger Bands with the upper resistance at $64.0 and lower support at $56.28. The EMA50 at $58.07 and EMA200 at $49.62 continue to act as stacked support while MACD holds a bullish golden cross at 0.25 and RSI sits neutral at 58.14, pointing to potential continuation toward the upper band before any healthy retracement to the 50-EMA.