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The token got fresh spot demand on 10 November when South Korea's two largest exchanges listed it, but that was not enough to lift it, and a whale unstaked 512010 HYPE worth about $39.3 million on 9 November and moved it to an institutional trading firm, which the market is reading as possible sale preparation.
It is still about 26% below its September high of $97.96, with a market cap near $17.2 billion and almost $1 billion of daily trading volume.
$HYPE
Watch the $71 level and whether that whale's tokens actually get sold, since a break below it would confirm the slide is not done yet.