HYPE: Grayscale Wallets Accumulate 228K Tokens

Grayscale associated wallets scooped up 228,883 HYPE worth $12.1 million in the past 17 hours, extending a buying spree that began May 14 and now totals 325,205 tokens purchased at an average $50.69 for a current $1.7 million paper profit.

Price action on the 4-hour chart shows HYPE trading inside the Bollinger Bands near the upper resistance at $58.19 with RSI at 81.03 flashing overbought conditions and MACD confirming a golden cross; this confluence points to a probable retracement toward the EMA50 support at $47.14 before any sustained continuation higher, giving traders a clear level to watch for entries during the current accumulation wave.