HYPE: Entity Stakes 1.49M Tokens Worth $88.2M

HYPE absorbed a massive 1.49M token stake worth $88.2M from one entity spread across eight wallets, with individual deposits ranging from 115.7K to 390.4K tokens.

All eight addresses sourced their HYPE from Bybit withdrawals executed nine months earlier and held the positions until this staking event at HyperliquidX.

Price action on the 4h chart shows HYPE trading inside the Bollinger Bands with the upper resistance at $63.59 and lower support at $56.31 while the EMA50 at $61.07 and EMA200 at $63.64 cap upside; the MACD death cross at -0.93 keeps the structure bearish and RSI at 34.69 leaves room for a test of the 50-EMA before any rebound attempt.