FalconX has been quite active recently. Before, a giant whale took 550,000 HYPE from here to stake it, and now a new wallet has withdrawn another 165,000 HYPE, worth over $9 million. Institutional funds are clearly rebalancing and rotating positions on HYPE.
Recently, this coin has seen several big funds queue up to unlock and dump it, causing the price to drop significantly from its peak. The spot ETF is also seeing outflows. However, the project team has been buying back aggressively—any team selling is being absorbed by the buybacks. Right now it’s in an institutional contest period: there’s heavy short-term selling pressure, but the fundamentals haven’t deteriorated.
In terms of action, don’t rush to bottom-fish. Wait until this wave of unlocks has been digested. Keep an eye on on-chain large transfers into exchanges. If over 20 million HYPE in net inflows continues for 3 consecutive days, it indicates selling pressure is still being released. Conversely, if the staked amount rebounds, that’s a sign of stabilization. Keep position sizing within 30% and build gradually in batches.
Do you want me to help you compile reference key support and resistance levels for HYPE in the near term?
$HYPER
#灰度撤回三只山寨币ETF申请
#纽交所开发代币化证券链上支付平台
Recently, this coin has seen several big funds queue up to unlock and dump it, causing the price to drop significantly from its peak. The spot ETF is also seeing outflows. However, the project team has been buying back aggressively—any team selling is being absorbed by the buybacks. Right now it’s in an institutional contest period: there’s heavy short-term selling pressure, but the fundamentals haven’t deteriorated.
In terms of action, don’t rush to bottom-fish. Wait until this wave of unlocks has been digested. Keep an eye on on-chain large transfers into exchanges. If over 20 million HYPE in net inflows continues for 3 consecutive days, it indicates selling pressure is still being released. Conversely, if the staked amount rebounds, that’s a sign of stabilization. Keep position sizing within 30% and build gradually in batches.
Do you want me to help you compile reference key support and resistance levels for HYPE in the near term?
$HYPER
#灰度撤回三只山寨币ETF申请
#纽交所开发代币化证券链上支付平台