Hyperliquid (HYPE) Price Falls After $120M Multicoin Unstake—Can Key Support Hold?

Story Highlights* Multicoin Capital unstaked 1.96 million HYPE tokens, adding to recent whale unstaking activity and raising concerns over potential supply entering the market.

  • HYPE price has slipped to around $59 as weakening ETF flows and bearish technical indicators put the token's key $54–$55 support zone in focus.
HYPE-6.75%
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