A whale sold 1.95 million HYPE worth approximately $110.46 million across two transactions, including 923,743 tokens worth $53.02 million in the most recent sale. HYPE was trading near $56.89, down 0.32% daily, after establishing support at $53. Technical indicators showed a bullish structure with +DI near 21 versus -DI around 15, while the MACD moved upward. Spot Netflow remained positive at $7.19 million, indicating broader selling pressure. A sustained recovery could lift HYPE toward $60, while renewed selling may trigger a retest of the $53 support.
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