Lookonchain: Whales Dump $108.81M HYPE for $26.5M Profit

Lookonchain flagged heavy profit-taking in $HYPE as wallet 0x2685 offloaded 912,383 tokens for $82.09 million six hours ago and wallet 0x648F sold 296,705 tokens for $26.72 million eight hours ago.

The first address booked more than $10 million after a one-month hold while the second realized $16.5 million after an eleven-month position, pushing total realized gains above $26.5 million.

Price sits at $89.59 inside the Bollinger Bands with the upper band at $97.92 acting as immediate resistance; the 50-EMA at $83.41 and 200-EMA at $83.37 continue to provide layered support beneath a neutral RSI of 58.57 and a bullish MACD golden cross at 3.19, suggesting any pullback would likely find bids at the EMA confluence before the next leg higher.