MulticoinCapital: Unstakes 1.07M HYPE for $58.86M

MulticoinCapital linked wallet unstaked 1.07M HYPE tokens worth $58.86M six hours ago and deposited 86,314 HYPE ($4.78M) into Coinbase Prime. The full position was acquired through Galaxy Digital OTC at an average $37.5 and now carries an unrealized gain of roughly $18.75M.

HYPE trades at $55.12 beneath the EMA50 resistance at $58.45 and EMA200 at $62.15, confirming the bearish trend structure while MACD death cross at -1.06 keeps downside pressure intact. Price remains inside the Bollinger bands with lower support at $53.62 and neutral RSI at 35.21, pointing to a likely test of that floor before any sustained recovery in HYPE price prediction models.