Grayscale: Buys $24.95M HYPE After ETF Filing

Grayscale linked wallets snapped up 510,387 HYPE tokens worth $24.95M in the past week and immediately staked the position following the January S-1 registration for a potential HYPE ETF.

Price action shows HYPE at $57.94 pressing the upper Bollinger band at $58.19 while RSI(14) sits at 81.03 in overbought territory and MACD maintains its golden cross. With the 50-EMA support anchored at $47.14 and 200-EMA at $43.21, a measured retracement toward that level appears likely before any extension higher, shaping near-term HYPE price prediction scenarios amid sustained institutional flows.