HYPE is experiencing a battle between whale accumulation and institutional transfers. A new wallet accumulated 440,000 HYPE worth $37.26 million from FalconX, creating considerable demand against institutional selling. Multicoin Capital deposited 815,885 HYPE worth $59.8 million into Coinbase Prime over ten days, while Bitwise transferred 145,170 HYPE worth $12.04 million to Hyperliquid, including a recent 82,580 HYPE ($7.11 million) transfer. Exchange netflows shifted from approximately $12 million positive on August 27 to -$1.05 million, indicating a reversal toward outflows. HYPE is currently trading around $83 above the $75 resistance level, with RSI at 74.37 signaling overbought conditions.
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