HYPE: Multicoin Unstakes 1.07M Tokens to Coinbase Prime

HYPE recorded nearly $86 million in transfers within hours after a Multicoin-linked wallet unstaked 1.07 million tokens valued at $58.86 million and directed them to Coinbase Prime, while a Selini-linked wallet deposited 495,473 HYPE worth $26.8 million on OKX.

Price action on the 4h chart keeps HYPE locked in a bearish trend at $54.74, sitting below the EMA50 resistance at $58.16 and the EMA200 at $62.01. The MACD death cross at -1.12 adds downside conviction, and with the token inside its Bollinger bands, any attempt to test upper resistance at $61.34 looks likely to fade toward lower support at $52.91 while RSI holds neutral at 35.82. This flow pattern may shift near-term HYPE price prediction models and broader crypto market crash sentiment if exchange inflows accelerate.