HYPE: Whale Sells Another $53M Tokens

Lookonchain tracked a major HYPE holder offloading 923,743 tokens worth $53.02M in the past hour, following a 1.03M token sale two weeks earlier that fetched $57.44M.

The same entity, which once controlled 2.93M HYPE valued at $163.37M, now sits on 969,595 tokens worth $55.5M, while a linked wallet unstaked 1.89M HYPE ($105.9M) today and may route the supply through FalconX and CoinbasePrime.

Price action on the 4h chart shows HYPE at $57.52 pressing the upper Bollinger Band resistance at $58.49 with MACD confirming a golden cross at 0.72, yet the 50-EMA support at $55.67 and neutral RSI at 62.41 suggest any near-term HYPE price prediction hinges on whether sellers exhaust at the $58.49 level before a measured pullback to the EMA50 zone.