Hyperliquid Whale: Borrows 2M USDC Deposits to Coinbase

Hyperliquid whale 0x8177b8dae5b3ce7de2ca6e5449ffc6aab2f626ba supplied 100K wstHYPE plus 103K stHYPE as collateral on HyperLend, drew down 2M USDC in two tranches and routed the full amount straight to Coinbase.

Price action on the HYPE 4h chart shows the token locked in a bearish trend below both EMA50 at $62.1 and EMA200 at $64.34, with MACD printing a death cross at -0.73; RSI at 33.95 leaves room before oversold territory while price hugs the lower Bollinger Band support at $58.28, suggesting any bounce attempt toward upper-band resistance at $63.89 will likely stall and retest the 50-EMA before continuation.