On June 18, HYPE experienced a drop of over 4%, settling at $40.5. This slide followed significant sell-offs by a major whale, raising eyebrows among investors. Despite the decline, institutional confidence in HYPE appears to remain robust. Demand for the token persists, indicating that many stakeholders continue to believe in its potential. As market participants assess the impact of the whale’s actions, the resilience of HYPE may play a key role in determining its future trajectory. Investors will watch closely how HYPE navigates this turbulent period and whether it can regain its footing.