Hype Whale Deposit Stalls Price Recovery Amid Stronger Selling Pressure

A recent $2.03 million deposit of HYPE (HYPE) by a KuCoin whale has intensified selling pressure on the cryptocurrency, potentially stalling price recovery.

The whale deposited 37.39K HYPE to KuCoin six hours prior to this report, increasing available supply and exchange-bound token supply.

Exchange deposits often expand immediately tradable supply, but do not confirm completed sales. In this case, the transaction strengthened distribution concerns rather than proving the whale had already sold.

Broad spot flows supported the same direction, giving the transfer stronger bearish context. Spot inflows reached approximately $1.24 million at press time, confirming inflows exceeded outflows during the latest recorded period.