HYPE Whale Withdraws $2.51M from Gate.io

HYPE whale activity continued with another withdrawal of 40,000 tokens worth $2.51 million from Gate.io, lifting the address holdings to 497,212 HYPE valued at $31.26 million.

Price action on the 4h chart places HYPE inside the Bollinger Bands between $62.7 support and $72.41 resistance while the MACD death cross at -1.3 and price below the EMA50 at $67.16 reinforce bearish structure, pointing to further tests of the EMA200 at $61.19 before any sustained recovery in HYPE price prediction scenarios.