HYPE: Whales Stake $13M From Coinbase Amid Sales

HYPE saw mixed whale flows on June 1 as a fresh wallet 0x9C4 pulled 180000 tokens valued at $13.18M from Coinbase straight into staking while wallet 0x913 offloaded 238811 HYPE for $16.3M and booked a $1.3M gain yet left 10000 tokens staked.

Over the past six months similar large on-chain transfers have often preceded volatility spikes in HYPE price action and on-chain HYPE analysis shows institutions continue to test both accumulation and distribution zones.

With price at $73.83 testing upper Bollinger resistance at $75.79 while RSI sits at 68.29 and MACD maintains its golden cross above the EMA50 support of $65.2 a measured pullback toward that level remains the highest-probability path before any extension higher.