HYPE Whale Sells $13.4M in Tokens

A prominent HYPE whale, identified as "qianbaidu.eth," unloaded 338,084 $HYPE tokens over the past 48 hours, raking in $13.4 million in USDC at an average price of $39.65. This seller still clings to 151,573 $HYPE worth $5.89 million locked in staking, signaling incomplete liquidation despite the aggressive offload. Transactions reveal direct sales on-chain, tracked via Hypurrscan, as HYPE price prediction debates heat up in volatile crypto markets.

Zooming into the 4-hour chart, HYPE trades at $39.07 in a clear bearish structure, with price hugging the lower Bollinger Band support at $38.32 while the EMA50 at $41.47 and EMA200 at $41.11 act as stacked overhead resistance, reinforcing downward pressure. RSI sits oversold at 28.46, hinting at potential exhaustion, but the MACD death cross at -0.93 screams continued selling momentum—expect a probe toward that lower band before any rebound, especially as broader crypto market crash fears linger and assets like Bitcoin (BTC) face similar whale dynamics. This confluence screams caution for longs, with upper band resistance at $43.16 capping any fleeting AI industry impact driven upside in the near term.