HYPE: Whale Opens $12.8M Short Positions

HYPE whale address 0xa44 opened 156,119 HYPE (10x) and 1.97M LIT (5x) short positions valued at $12.8M on May 30, 2026.

With HYPE trading at $65.76 inside its Bollinger Bands, the upper resistance at $66.95 sits just above current levels while the 50-EMA at $59.41 provides the next major support; RSI at 62.31 leaves room before overbought conditions and the MACD golden cross keeps the broader structure bullish, so any HYPE price prediction must account for a possible quick retracement to that EMA before continuation. Crypto market crash fears and AI industry impact remain secondary to this leveraged positioning.