HYPE: Whales Withdraw $23.46M From Coinbase Prime
HYPE whales pull $23.46M via 0x987f and 0x2386 from Coinbase Prime and BitGo, with price at $62.46 amid bearish EMA structure.
SourceAnalysis
HYPE saw fresh whale accumulation as wallet 0x987f withdrew 278,827 tokens worth $17.45M from Coinbase Prime while 0x2386 took another 96,930 HYPE ($6.01M) from BitGo.
Price sits at $62.46 below the EMA50 at $66.58 yet above the EMA200 at $61.25, with the MACD death cross at -1.73 confirming bearish momentum and RSI at 35.51 leaving room before oversold territory; the token trades inside Bollinger Bands, so a test of lower support at $60.79 remains the immediate focus before any sustained move higher. HYPE price prediction models now factor these large off-exchange transfers as potential supply shocks that could blunt downside pressure even as broader crypto market crash fears linger.
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