A whale deposited 37.39K HYPE tokens worth approximately $2.03 million on KuCoin, increasing available supply on exchanges. Spot netflows reached approximately $1.24 million, confirming that inflows now exceed outflows, a shift from the substantial outflows recorded in late July. The same wallet had transferred 290.65K USDC worth roughly $290.65K to Kraken one hour earlier. Whale activity remains elevated while retail participation cools across the HYPE spot market, strengthening their influence on price direction. Support at $53.67 holds, but $57.10 resistance remains the critical hurdle for a sustained HYPE price recovery.
Source: Read the original article
