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Guavy AI Editorial Team••Sentiment: 2.5•Clout: 20

Whale Investors Accumulate Millions of HYPE Amid Market Weakness

HYPEcoinbase

Despite a 3.85% decline in the overall cryptocurrency market on June 4th, Hyperliquid [HYPE] remained one of the strongest performers this year.

Data from Onchain Lens and Nansen shows that whales withdrew over $55 million worth of HYPE from exchanges like Coinbase and Kraken, using the dip to accumulate fresh capital.

According to TradingView, a daily close below $68.08 could trigger a breakdown from the consolidation zone, potentially leading to a 20% decline in price. Conversely, a close above $76 could invalidate the bearish setup and reopen the path higher.