HYPE: Wallet Withdraws $17.45M From Coinbase

HYPE saw a fresh wallet drain 278,827 tokens valued at $17.45M straight from Coinbase on June 24, 2026, with on-chain data pointing to further withdrawals ahead.

Price action on the 4h chart shows HYPE trading inside the Bollinger Bands at $62.58 while the EMA50 at $66.58 caps upside and the EMA200 at $61.25 offers nearby support; MACD death cross at -1.72 keeps the structure bearish even as RSI at 36.07 leaves room before oversold territory. With price testing upper Bollinger resistance near $71.73 while the 50-EMA looms overhead, a healthy retracement toward $61.25 appears probable before any sustained move. Traders tracking HYPE price prediction models now watch whether this large Coinbase exit accelerates downside pressure or simply clears weak hands ahead of the next leg.