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$HYPER SHORT!!
The on-chain data tells it all. Yesterday a new wallet just deposited 2 million USDC, going long HYPE with 10x leverage at entry price $40.9, holding 150k tokens, liquidation price $29.04. Isn't this basically handing free money to the dog house whales?
HYPER now has a market cap of just $12+ million, 24-hour volatility of 44.8%, and only $180k in trading volume. With such low liquidity on this shitcoin, the whales can dump whenever they want, pump whenever they want—one trade can blow through the entire order book!
On March 6th, 9.92 million HYPE tokens were unlocked, worth $316 million, representing 2.72% of circulating supply. Sure, they talk about deflationary mechanisms and fee buybacks/burns, but that buyback volume is nothing compared to the unlock selling pressure.
Technically, $30 is the key support level, RSI at 44.5, just crawling out of extreme fear, but the $34-42 range above is all resistance. If the whales want to exit, they won't let the price stay stable above.
These shitcoins pump hard then crash harder. That long position opened at $40.9 probably just belongs to the whale's stepping stones. Following the whale playbook—wait for a break below $30 and watch the waterfall!
SHORT IT!!👇👇👇