Overview

• On-chain data from Lookonchain shows an investor who bought 2 million HYPE nine months ago for $17.4 million at an $8.68 average has received the tokens back after unstaking around September 15, now valued near $107.2 million for an unrealized gain of about $89.8 million.
• HYPE traded around $52–53 on September 16 after a roughly 2% intraday pullback, with analysts flagging support near $50 and $47 and resistance around $55–$60.
• Coinspeaker reports another large holder opened a 3x leveraged short on 303,901 HYPE (about $16 million), signaling mounting short-term bearish positioning.
• Technical readings cited by market watchers show RSI near neutral and a narrowing MACD, with a bearish crossover potentially pointing to a retest of $50–$47, while a push above $55 could refocus on $60.
• Commentary highlights Hyperliquid’s planned USDH stablecoin as a potential longer-term demand driver, with sentiment hinging on whether new platform activity can offset any selling from the unlocked supply.