HYPE: New Wallet Withdraws $10.69M From Coinbase

HYPE faced fresh selling pressure after a newly created wallet withdrew 197.36K tokens valued at $10.69 million from Coinbase one hour ago.

The address 0xf6000bB2E7579D4eAa741dDb0195187325380c3E now holds the position while HYPE price prediction models watch the $54.0 level. On the 4h chart price sits below both the EMA50 at $55.25 and EMA200 at $59.16, confirming a bearish trend structure with the MACD locked in a death cross at -0.0. Momentum remains neutral at RSI 40.59 yet the token trades inside the Bollinger band between $53.94 support and $57.95 resistance, suggesting any bounce attempt will likely stall at upper-band resistance before retesting the 50-EMA.

Traders tracking crypto market crash scenarios and AI industry impact on token flows continue to monitor on-chain movements from centralized exchanges.