HYPE: Entity Unstakes $170M After 8 Months

HYPE faced fresh selling pressure after an entity unstaked 2.92M tokens worth $170.1M from two wallets that had held the position for eight months, leaving both addresses with zero balance in the staking contract.

Price action on the 4h chart shows HYPE at $58.41 trading below EMA50 resistance at $61.37 and EMA200 at $63.83 in a confirmed bearish structure, while MACD death cross at -0.77 keeps downside momentum intact and RSI at 38.59 leaves room before oversold territory; the token sits inside Bollinger bands with $63.86 upper resistance and $56.98 lower support, suggesting any push toward the upper band may trigger a retracement to the 50-EMA before continuation. Updated HYPE price prediction models now factor in this large unstake alongside broader crypto market crash risks and AI industry impact on token flows.