Hype Whale Adds Another $11.88M to Growing Position
A large whale investor has made a significant move in the market by purchasing $11.88 million worth of HYPE tokens. According to Lookonchain, wallet 0x6436 acquired an additional 141,442 HYPE on September 1, 2026. This purchase follows a recent spree where the same wallet accumulated over $32 million in under a day.
The price of HYPE is currently trading at $83.66 within its Bollinger band on the 4-hour chart. The EMA50 acts as a support level at $80.77, while the EMA200 sits at $69.9. The MACD golden cross remains bullish, but the RSI is sitting at 55.31, indicating some room for further growth before reaching overbought territory.
Traders are advised to monitor how this accumulation interacts with the broader crypto market crash narrative and the impact of AI on token flows.