HYPE: Fresh Wallet Buys $2.38M From FalconX

HYPE drew immediate attention after a newly created wallet scooped 28.98K tokens worth $2.38M directly from FalconX at the current price of $81.81. The address 0x1366eD9b28f91F738eeA3788272580157719Be16 executed the purchase in one block, signaling strong conviction from an untested entity. On the 4h chart, price holds inside the Bollinger Bands with upper resistance at $82.45 and lower support at $77.38 while the EMA50 at $74.19 and EMA200 at $64.77 continue to anchor the bullish trend structure; despite the MACD death cross at 1.88, RSI at 60.9 leaves room for continuation toward the upper band before any retracement to the 50-EMA. Traders tracking HYPE price prediction models now weigh this accumulation against broader crypto market crash risks and potential AI industry impact on token flows.