HYPE: Whales Unstake 2.91M Tokens Raising Sell Pressure

HYPE faces immediate sell pressure after early whales unstaked 2.91 million tokens and routed them toward FalconX and Coinbase Prime. One wallet that acquired 1.02 million HYPE at $18 seventeen months ago moved its full position today, while a linked address unstaked an additional 1.89 million tokens valued at $105.9 million.

Price action on the 4-hour chart shows HYPE trading at $55.61 inside the Bollinger Bands with upper resistance at $56.52. The EMA50 at $56.87 and EMA200 at $61.44 define the bearish structure, yet MACD has printed a bullish golden cross at -0.63 while RSI sits neutral at 49.85. With price testing upper Bollinger resistance while the longer-term moving averages cap upside, a healthy retracement toward the 50-EMA support at $56.87 appears probable before any sustained continuation. This setup directly informs near-term HYPE price prediction models and highlights risks tied to historical HYPE whale staking patterns.