HYPE Has Buyers... But Whales Could Spoil the Setup 😬 After gaining 77.6% in Q2, $HYPE cooled off in Q3. Then on August 6, nearly 10M tokens worth around $550M were unlocked, putting fresh supply pressure on the market. Now HYPE is caught between 2 very different forces. 💧 On one side, Bitwise has started building $HYPE position, while continued token burns are reducing supply - around 47.62M HYPE worth $2.63B has already been burned. 💧 On the other, large holders could add new selling pressure. HyperLabs recently unstaked 400K+ HYPE and distributed it across 9 wallets. That doesn’t mean those tokens will be sold, but after a $550M unlock, the timing is hard to ignore... That makes $56.3 especially important now: 📌 Hold above → $59.4 📌 Lose it → $52.5 For now, institutional demand is meeting potential whale supply - and whichever side wins that fight could decide HYPE’s next move. #Altcoin Season# #HYPE #Macro Insights#