HYPE Whale Withdraws Nearly $5.3 Million from Coinbase in Four Hours

A large HYPE whale has withdrawn nearly $5.3 million from Coinbase in the past four hours, bringing its weekly total to approximately $9.1 million.

This is part of a larger accumulation pattern that often precedes volatility spikes and potential market crashes.

The whale's address, 0xdf3765Ec2A30d1B9294d58062D0116c1296130ce, has been active on Coinbase recently, with over $9 million withdrawn in the past week alone.

The current price of HYPE is trading at around $84.46 within its Bollinger Bands, with an upper resistance at $88.16 and lower support at $79.66.