HYPE: Whale Deposits 576K Tokens to Coinbase
HYPE genesis whale deposits 576,148 tokens ($35.28M) to Coinbase for $44.34M profit as price holds $59.35 on 4h chart.
SourceAnalysis
HYPE genesis whale moved all 576,148 tokens valued at $35.28M into Coinbase, locking in over $44.34M profit.
Price sits at $59.35 inside Bollinger bands with upper resistance at $61.49 and lower support at $53.4; the structure remains bearish as price trades below EMA50 at $59.99 yet above EMA200 at $56.41, while neutral RSI at 51.75 and MACD golden cross at -0.03 point to possible continuation toward resistance before any retracement to the 50-EMA. HYPE price prediction models now factor this large exchange inflow alongside Bitcoin flows and RAVE ecosystem rotations.
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