HYPE: Whale Moves 912K Tokens to FalconX for $8M Gain

HYPE saw a single address move 912,383 tokens valued at $82.09 million into institutional platform FalconX two hours ago. The tokens had been accumulated between one and two months earlier through Coinbase Prime and FalconX at roughly $81, producing an estimated $8.03 million profit on the exit at $90.

At $89.99 the token trades above both the EMA50 support at $83.43 and the EMA200 support at $83.37, preserving the bullish structure. MACD registers a golden cross at 3.23 while RSI at 59.6 stays neutral, indicating sustained momentum without immediate overbought conditions. Positioned inside the Bollinger Bands, price can target the upper band resistance at $97.96; any short-term exhaustion would likely find bids near the 50-EMA confluence before continuation.