HYPE Whale: $53M Transfer Hits Coinbase Prime

HYPE whale activity intensified as the entity that staked 2.886 million tokens at roughly $19.79 early last year unstaked in late July and routed 923700 HYPE ($53.03 million) into Coinbase Prime and FalconX, with cumulative outflows now at 1.956 million tokens ($110 million) and realized gains of $109 million while 969000 HYPE ($55.73 million) stays in the wallet.

Price action on the 4h chart shows HYPE at $57.63 inside the Bollinger Bands with the upper band at $58.51 acting as immediate resistance; the bullish MACD golden cross at 0.72 and neutral RSI of 63.07 keep the structure intact above the EMA50 support at $55.68, though a brief pullback toward that level remains the highest-probability next move before any test of the EMA200 at $58.32.