Hyperliquid: HyperLabs Allocates 179K HYPE to Team

Hyperliquid development team HyperLabs moved 179,706 HYPE tokens worth $14.49 million from staking into six separate team wallets eleven hours ago, following an earlier unstaking request filed ten hours prior.

HYPE trades at $79.67 inside its four-hour Bollinger band with the upper band at $88.0 acting as immediate resistance and the lower band at $74.6 providing short-term support. Price sits below both the EMA50 at $82.66 and EMA200 at $84.46, confirming the bearish structure while the MACD death cross at -1.89 keeps downside pressure intact and RSI at 43.78 shows neutral momentum without oversold conditions.