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Hyperliquid whale sells $53M in tokens amid recovery; HYPE eyes $60 but risks $53 retest.

Market News
14 Aug 2026
AMBCrypto
View Source
Neutral
pluang ai news

A major Hyperliquid whale sold 923,743 HYPE tokens worth $53.02 million, adding to previous sales totaling 1.95 million HYPE worth about $110.46 million. Despite this heavy selling, HYPE showed signs of bullish momentum with technical indicators suggesting buyers still have the upper hand. The coin recently bounced from $53 support to near $57 but faces pressure from ongoing whale sales and increased tokens flowing into exchanges. If selling continues, HYPE could retest $53 support; otherwise, a sustained recovery might push it toward $60.

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