HYPE Whale Resumes Accumulation with $31.5M Purchase

A significant investor in HYPE tokens has resumed their accumulation after two months of inactivity. The wallet, identified as 0x6436 whale, purchased $31.5 million worth of HYPE tokens across several exchanges, including Hyperliquid, OKX, Bybit, and Gate.

This purchase brings the total amount withdrawn from exchanges by this whale to $95.6 million at an average cost of $70 per token.

The current market price of HYPE is around $82.11, with a bullish structure above its 50-day exponential moving average (EMA) and 200-day EMA. However, the MACD death cross suggests a potential pullback towards the 50-EMA before further price movement.