HYPE Whale Locks in $55M Profit, Price Targets Upper Resistance

A whale investor has locked in $55M of profit on a long position in HYPE, a cryptocurrency that was entered eight months ago at $38.68.

The Smartestmoney.hl account holds a 1.38M HYPE long worth $108.34M and is now sitting on an unrealized profit of $54.97M after the price rose to $78.51.

This development has implications for HYPE's price prediction models, with analysts suggesting that the cryptocurrency could reach its upper resistance at $84.38 before pulling back.