Hyperliquid [HYPE] Rises 3.5% Following $329 Million OTC Sale

Hyperliquid [HYPE] gained 3.48% to reach $89.55 following a $329 million OTC sale of 3.75 million tokens to an institutional buyer. While the sale eased short-term selling pressure, the token is currently testing the $89.6 resistance level. Technical indicators on daily and 4-hour charts suggest a potential consolidation phase as the asset seeks to confirm a stronger breakout.