HYPE Holds $78 as Whale Buys Fuel $100 Target

HYPE has eased back from its early-September rejection near $89 and is now trading closer to $78. The pullback has not yet shifted the broader accumulation trend, however, as large holders continue to add exposure on weakness.

On-chain data shows wallet 0x3305 bought 358,609 HYPE over the past 15 days, a position valued at roughly $28.8 million. The cadence of purchases suggests a deliberate accumulation strategy rather than a short-term trade, which can help support price during retracements if broader market conditions remain constructive.

The current setup leaves HYPE at an important technical inflection point. A sustained hold above the recent support zone would keep the $100 level in view, while a deeper break could force a reset in momentum and invite additional profit-taking from traders who entered during the prior advance.

Macro conditions remain supportive for risk assets, with the Fear and Greed Index at 63, indicating greed. That backdrop can amplify follow-through in liquid altcoins, but it also raises the risk of sharp reversals if sentiment turns or Bitcoin weakens.