HYPE Whale Adds to Holdings, Further Undercutting Token's Price

A significant whale investor in HYPE has continued to accumulate tokens, withdrawing an additional 20,000 from Coinbase worth $1.03 million.

This brings their total accumulation since June 11 to 240,000 HYPE at an average cost of $66.17 per token.

The current unrealized loss for this investor stands at $3.53 million.

According to the price action on the 4-hour chart, HYPE is trading below key resistance levels, including the EMA50 at $54.91 and the EMA200 at $60.46.