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Hyperliquid faces selling pressure after $2.03M whale deposit boosts exchange supply.

Market News
10 Aug 2026, 23:00 WIB
AMBCrypto
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Bearish
Hyperliquid faces selling pressure after $2.03M whale deposit boosts exchange supply.

Hyperliquid (HYPE) experienced increased selling pressure following a $2.03 million whale deposit to KuCoin, which raised the amount of HYPE tokens available on exchanges. This deposit, along with positive netflows indicating more tokens moving into exchanges than out, suggests growing supply that could weigh on prices. Large traders remain active while retail interest cools, giving whales more influence over market direction. Despite this, technical indicators like MACD show some recovery potential if HYPE can hold above $53.67 and break resistance at $57.10. The near-term outlook favors sellers unless broader market participation strengthens.

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