HYPE: SeliniCapital Deposits $26.8M on OKX
HYPE at $54.82 after SeliniCapital wallet sends 495,473 tokens worth $26.8M to OKX; Jordi Alexander rejects dumping claims and calls valuation fair.
SourceAnalysis
SeliniCapital linked wallet deposited 495,473 HYPE tokens worth $26.8M into OKX over the past hour, triggering fresh sell-off chatter.
Jordi Alexander pushed back, stating the tokens serve trading fees, staking, LP and arbitrage on HyperEVM while Paradigm and Multicoin blocks remain untouched; he views HYPE as fundamentally fairly valued with upside tied only to higher TradFi fee capture.
Price action shows HYPE at $54.82 inside the Bollinger Bands with lower support at $52.93 and upper resistance at $61.33; the EMA50 at $58.16 and EMA200 at $62.01 now function as stacked resistance while the MACD death cross at -1.11 and RSI at 36.17 confirm bearish momentum that favors a test of the lower band before any rebound attempt.
Jordi Alexander
@gametheorizingFounder @SeliniCapital ; Alchemist @0xMantle; Lad @0xSteadyLads; Game theory connoisseur ; Soon, the biggest problems in the world will be philosophical
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