HYPE: Whale Unstakes $105.9M for Potential Sale

Lookonchain flagged two wallets linked to the same entity dumping large HYPE positions on July 31 2026. One address offloaded 1.02 million tokens purchased at an $18 average 17 months earlier, while wallet 0x90B3 unstaked an additional 1.89 million HYPE valued at $105.9 million and appears headed for FalconX and CoinbasePrime.

Traders now watch whether the combined 2.91 million tokens hit the market and pressure HYPE price prediction models. On the 4h chart price sits at $55.38 inside the Bollinger Bands with upper resistance at $56.64. The EMA50 at $56.93 and EMA200 at $61.48 act as concrete overhead resistance while RSI at 48.37 stays neutral and MACD prints a bullish golden cross at -0.73. A test of the upper band followed by a healthy retracement toward the 50-EMA support remains the most probable path before any continuation.