Lookonchain: Whale Sells $8.17M HYPE Stake

Lookonchain flagged a long-term holder unloading 100276 $HYPE for $8.17 million at roughly $81.70 per token six hours ago.

The same address acquired 257928 $HYPE at $3.50 in 2024, deposited 131421 tokens worth $11.77 million into Kraken last week at $89.56, and retains 140506 $HYPE now valued near $12.2 million for a cumulative 26x gain exceeding $23 million.

Price action on the four-hour chart shows $HYPE trading inside the Bollinger Bands at $81.94 with the upper band at $88.65 acting as near-term resistance and the lower band at $79.52 as immediate support. The EMA50 at $85.49 and EMA200 at $86.49 both sit above spot, confirming the bearish structure while MACD at minus 1.25 prints a death cross and RSI at 41.03 remains neutral, suggesting further downside pressure toward the 50-EMA before any relief rally can develop.