HYPE: Whales Accumulate $55M from Coinbase, Kraken

HYPE drew fresh institutional buying as newly created wallet 0x193 pulled 180,000 tokens worth $13.4M from Coinbase while three linked addresses extracted 557,406 HYPE ($41.53M) from Kraken and routed the funds directly into staking.

Price action on the 4h chart shows HYPE trading inside the Bollinger Bands near upper resistance at $75.43 with RSI(14) at 62.94 remaining neutral and MACD flashing a death cross; the setup points to a likely retracement toward the EMA50 support at $68.03 before any sustained push higher, while the EMA200 at $55.84 continues to anchor the broader bullish structure established over the past year.