Hyperliquid Price Faces $55 Risk After $59M Whale Transfers

TLDR: Hyperliquid price falls about 12% toward $59 as suspected a16z-linked wallets move nearly $59 million in HYPE across several exchanges. Long liquidations reach roughly $14.61 million, while open interest drops on Binance and Bybit as leveraged traders reduce exposure. HYPE breaks below a symmetrical triangle and its major four-hour moving averages, placing the $57 [...]

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