HYPE Slides Below $80 Support Amid Team Token Releases and Institutional Exits

HyperLabs distributed $14.5 million in HYPE, increasing potential selling pressure. Token burns removed $1.64 million in HYPE, partially offsetting new supply. HYPE fell below $80 support as institutions continued unstaking and selling. HYPE has slipped below the crucial $80 support level. The move comes only a week after buyers reclaimed that zone. Market participants now face a mix of bearish pressure and long-term optimism. Team-related token distributions have raised fresh concerns. At the same time, institutional wallets continue reducing exposure. Despite ongoing token burns and regulatory progress, sellers currently hold the upper hand across the market.