HyperLabs: Distributes $14.49M HYPE to Team

HyperLabs transferred 179706 HYPE tokens valued at $14.49M to six team-member wallets, according to OnchainLens. The distribution occurred 11 hours ago from address 0x43e9abea1910387c4292bca4b94de81462f8a251, following unstaking two days prior.

HYPE trades at $79.67 on the four-hour chart inside a bearish structure defined by the EMA50 at $82.66 and EMA200 at $84.46. Momentum remains neutral with RSI at 43.78 while MACD prints a death cross at -1.89. Price sits between the Bollinger bands with upper resistance at $88.0 and lower support at $74.6. The token tests the lower half of the range after the team unlock, suggesting continued pressure toward the EMA50 before any sustained recovery attempt.