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Hyperliquid faces selling pressure after $23M token unlock and whale activity amid price drop to $54

Market News
08 Aug 2026
AMBCrypto
View Source
Bearish
pluang ai news

Hyperliquid (HYPE) is under strong selling pressure after HyperLabs unlocked 433,025 tokens worth $23.46 million and began depositing them to exchanges, signaling potential sell-off. Despite whale buying activity withdrawing 197,360 HYPE from Coinbase, the market remains bearish with the price dropping to $54 and technical indicators like RSI and SMA showing continued downside momentum. If selling persists, the price could fall further to around $51.

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HYPE token unlock adds $23M supply, pressuring price amid bearish signals and heavy long liquidations.

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Hyperlabs unlocked 433,025 HYPE tokens worth over $23 million, increasing market supply concerns as many tokens moved to exchanges like Flowdesk, OKX, and Bybit. This supply increase comes during a period of weak demand, with HYPE price dropping 3.5%...

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