Multicoin Capital-linked Wallet Moves $10.15M In HYPE To Coinbase, On-chain Data Shows
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Multicoin sends $10.15 million in HYPE to Coinbase Prime, reviving sell-pressure fears
On August 18, Onchain Lens, which tracks blockchain transactions, reported that Multicoin Capital had moved about 172,710 HYPE (about $10.15 million) to Coinbase Prime, a destination that has often been associated with selling by traders. Given that HYPE is currently among the top 10 crypto tokens, the action by one of its major institutional backers is likely to attract attention far beyond Hyperliquid users. This is important as HYPE’s market …
Multicoin Capital-linked Wallet Moves $10.15M In HYPE To Coinbase, On-chain Data Shows
BitcoinWorld Multicoin Capital-linked wallet moves $10.15M in HYPE to Coinbase, on-chain data shows A wallet believed to be associated with Multicoin Capital has transferred 172,710 HYPE tokens, valued at approximately $10.15 million, to the cryptocurrency exchange Coinbase, according to blockchain tracking platform Onchain Lens. The transfer, detected on-chain, appears to be intended for a sale, the platform noted. The wallet in question still…
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