$20.57M USDC Loaned by Whale on Hyperlend Amid Hype Token Price Volatility
A large user of the lending protocol Hyperlend has borrowed $20.57 million in USDC, according to recent activity on the platform.
The whale supplied a significant amount of HYPE tokens (~$47.37M and ~$33.71M) before taking out the loan at a health factor of 2.91, with their net equity sitting near $60.50 million from address 0x8177b8dae5b3ce7de2ca6e5449ffc6aab2f626ba.
The HYPE token is currently trading at $52.48 within its Bollinger bands, with an upper resistance at $55.5 and lower support at $50.31.
Despite the bearish structure, the MACD shows a bullish golden cross at -0.76, while the RSI(14) remains neutral at 44.42. The price is testing the upper band resistance, suggesting possible consolidation around the 50-EMA before any directional move.