HYPE: Wallet Stakes $85M After Exchange Withdrawals

HYPE faces fresh accumulation pressure after newly created wallet 0x643 withdrew 88,350 tokens worth $6.4 million from OKX, Gate, Kraken and Bybit. The same address has now staked 1,229,524 HYPE worth $85.54 million since June 1.

HYPE whale accumulation and rising HYPE staking metrics continue to support bullish HYPE technical analysis. On the four-hour chart price holds its bullish trend structure above the EMA50 support at $65.14 while MACD registers a golden cross at 3.54. With price pressing the upper Bollinger Band at $78.82 and RSI at 65.73, a measured retracement toward the EMA50 remains the highest-probability path before continuation.