Hyperliquid's token HYPE fell 6.11%, breaking below the $60 support level to reach a low of $58 amid selling pressure. Multicoin Capital unstaked 1.96 million HYPE tokens valued at $120 million and sold 395,570 tokens worth $23.78 million, signaling profit-taking. Despite this, some whales remain optimistic, continuing to stake large amounts of HYPE. Technical indicators show bearish momentum, with the RSI dropping to 40 and prices below key moving averages, suggesting potential further declines unless bulls push prices above $65.
Hyperliquid (HYPE) has fallen 15% in the past week after major holders, including Multicoin Capital, sold large amounts of the token. Multicoin recently cashed out over $30 million worth of HYPE despite previously setting a long-term target of $319. ...
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Since 2024, only 8 out of 113 crypto tokens with market caps over $100 million trade above their initial token generation event (TGE) prices, showing a median loss of 95.7%. Hyperliquid leads gains with a 1,519% return, driven by revenue from its per...
