HYPE: Whale Deposits $11.77M at Kraken for 26x Gain

HYPE early buyer who acquired 257,928 tokens for $902K at $3.5 roughly two years ago has begun realizing gains, sending 131,421 HYPE worth $11.77M to Kraken at $89.56 over the past week while retaining 140,506 tokens valued at $12.2M for a total profit exceeding $23M.

Price action on the 4h chart shows HYPE trading at $87.1 inside the Bollinger Bands with upper resistance at $96.1 and lower support at $86.13, while the EMA50 at $90.08 caps upside and the EMA200 at $87.45 provides immediate floor; the MACD death cross at -0.82 reinforces bearish momentum even as RSI at 34.95 remains neutral, suggesting any bounce toward the upper band will likely stall before testing the 50-EMA resistance and opening a path to lower-band support near $86.13.