$HYPE Hyperliquid (HYPE) is trading around $87 after a recent pullback. The major catalyst is the release of 3.75M HYPE tokens, worth roughly $330M+, representing about 1.69% of circulating supply.
The interesting part: the unlocked tokens were reportedly arranged through an OTC deal with a single institutional buyer, so the impact may be different from a normal market sell-off.
📌 Key levels to watch:
Support: $85
Major support: $80
Resistance: $90–$95
If $HYPE HYPE holds above $85 and buying pressure returns, a recovery toward $90–$95 could become possible. But losing $85 may increase downside risk.