HYPE: Whale Moves $106M to HyperEVM Chain

HYPE whale activity intensified as a second address transferred 1.893 million tokens valued at $106 million onto the HyperEVM chain without routing to exchanges, extending the entity's total stash to 2.886 million HYPE acquired near $19.79 in early 2025 for a current unrealized gain exceeding $104 million.

Price action on the 4h chart shows HYPE at $54.99 inside the Bollinger Bands with upper resistance at $56.61 and lower support at $52.97. The structure remains bearish as price sits below the EMA50 at $56.91 and EMA200 at $61.47, yet the MACD golden cross at -0.76 signals building momentum while RSI at 46.37 stays neutral, suggesting any push toward the upper band could stall and retrace toward the 50-EMA before continuation.