HYPE: pvp.trade Redeems 400K Tokens After $24.34M Gain

pvp.trade converted $8.68M in Hyperliquid builder fees into 421K HYPE at an average $20.6, now valued at $24.34M, and yesterday unstaked 400K tokens worth $22.8M near current prices. The move follows Hyperliquid's token launch and highlights aggressive accumulation by a top ecosystem builder. HYPE trades at $56.78 inside its Bollinger Band with upper resistance at $64.79 and lower support at $56.3 while EMA50 sits at $57.57 acting as immediate resistance above the EMA200 at $49.13. With price testing upper Bollinger resistance while RSI at 41.67 shows neutral momentum and MACD registers a bearish death cross at -0.32, a healthy retracement toward the 50-EMA support at $57.57 appears probable before any continuation higher. This setup offers clear levels for traders monitoring Hyperliquid ecosystem flows and HYPE price prediction models tied to builder fee strategies.