HYPE: a16z-Linked Whale Stakes $9.95M More

Lookonchain tracked an a16z-linked wallet that opened a fresh address and purchased 206,325 HYPE for $9.95 million over the last ten hours before staking the entire position. The same entity has now accumulated 2.34 million HYPE tokens valued at $102 million since April 14.

Price action on the four-hour chart keeps HYPE inside its Bollinger Bands with the upper band at $50.3 acting as immediate resistance while the lower band at $41.51 marks short-term support. The token trades above both the EMA50 at $44.49 and EMA200 at $42.28 inside a bullish structure confirmed by the MACD golden cross at 1.41, while RSI at 61.87 remains neutral and leaves room for continuation toward the upper band before any pullback tests the 50-EMA confluence zone.