HYPE: Wallet Moves 923K Tokens to Exchanges

Wallet 0x90B38 transferred 923,743 HYPE tokens valued at roughly $53 million to major exchanges over the past 11 hours, routing 692,807 tokens to Coinbase Prime and 230,936 to FalconX.

The move represents about two-thirds of the original position, leaving the wallet with 969,595 HYPE still valued at $55.5 million, executed as orderly distribution rather than a forced liquidation.

On the 4-hour chart, HYPE trades at $56.05 just above the EMA50 support at $55.72 while the EMA200 at $58.31 caps upside; the MACD death cross at 0.45 signals fading momentum even as RSI at 49.62 stays neutral inside the Bollinger Bands, pointing to a likely test of lower band support near $53.80 before any retest of upper resistance at $58.46.