HYPE: Whales Accumulate $17.28M Amid Downturn

HYPE whales continue buying despite the broader crypto market downturn, with a new wallet 0x66FE pulling 222,493 HYPE worth $14.41M from Coinbase Prime and address 0x6437 taking another 44,986 HYPE ($2.87M) from FalconX.

Over the past six months whale flows into HYPE have repeatedly front-run rebounds, and the same pattern appears here as large entities absorb supply while retail sentiment stays weak. Technical confluence on the 4h chart shows price at $63.09 trading inside the Bollinger Bands with upper resistance at $66.17; the EMA50 at $65.1 caps upside while the EMA200 at $61.49 offers longer-term support, and the MACD golden cross at -0.95 hints at building momentum even as RSI sits neutral at 46.57.