Grayscale’s Hyperliquid filing meets a $340M token unlock – $100 next for HYPE?

Key Summary

Grayscale's Hyperliquid staking ETF filing has led to a $340 million token unlock, with $100 expected next for HYPE. The filing coincides with a large HYPE whale accumulating tokens and a shift in market sentiment, with price recovering strongly after defending the $85 support region. The RSI indicator suggests buying strength still holds, and a confirmed move above the $94.91 resistance could strengthen the bullish structure and expose the psychological $100 target zone.