Crypto
HYPE Whale Unstakes 90.72K Tokens, Sends Price into Caution Zone
A significant whale activity has been observed in the HYPE ecosystem as address 0x01d734e9E7847248864c2c7bbab16C4D5E04A990 unstaked 90.72K tokens after a four-month hold.
The tokens, worth approximately $7.59 million, were routed to Bybit for potential sale, which has had an impact on HYPE price prediction models and the broader crypto market sentiment.
As of now, the HYPE 4h chart price sits at $83.5 within the Bollinger band, with upper resistance at $85.38 and lower support at $78.87.