Overview
- HYPE trades near $35 after a multi-week decline, down 27% over the past month and 41% below September’s $59 high.
- A 9.92 million-token release for insiders on Nov. 29 represents about 2.66% of circulating supply in a one-time cliff unlock.
- Spot volume fell 36% to $271 million in the past day, futures volume slipped nearly 30% to $1.12 billion, and open interest eased 5% to $1.43 billion.
- Price remains inside a descending channel since August, with the $33–35 shelf weakening; reclaiming $35.8 could target roughly $42.3, while a break risks a move to $28–30.
- The Assistance Fund has repurchased over $600 million of HYPE with $2–$5 million in daily buys, and order-book snapshots show stacked bids near $35–$36.5 that suggest early accumulation relative to the unlock’s size.