HYPE Faces Pressure After Whale Unloads 1.95M Tokens

A whale sold 1.95 million HYPE worth roughly $110.46 million across two transactions. Positive exchange netflows could increase selling pressure as HYPE trades near $57. Improving momentum could push HYPE toward $60 if buyers defend the $53 support. Hyperliquid's HYPE has recovered strongly after buyers defended the $53 support level. The token climbed toward $57 during the latest rebound. HYPE traded around $56.89 at press time, down…