HYPE: Whale Stakes $29.29M After 26% Drop
@EmberCN reports a whale bought 396,811 HYPE tokens for $29.29 million across multiple CEX platforms over three days then staked the entire position six hours ago following the 26% pullback from $96.
SourceAnalysis
HYPE drew fresh whale buying after the token slid 26% from $96 to $71 this month.
One address group accumulated 396,811 tokens worth $29.29 million through several centralized exchanges in the past three days and moved every token into staking six hours ago, data shared by @EmberCN shows.
On the 4h chart HYPE holds at $71.83 inside the Bollinger Bands while testing the lower half of the range. The structure stays bearish beneath the EMA50 at $76.71 and EMA200 at $82.02, yet the MACD has printed a golden cross at -1.54 even as RSI sits neutral at 36.55, leaving room for a test of upper-band resistance near $76.28 before any sustained move higher.
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@EmberCNAnalyst about On-chain Analysis