Multicoin Capital Continues HYPE Transfers Worth $285 Million

Multicoin Capital has continued its significant transfers of HYPE to Coinbase Prime, depositing another 130,300 tokens worth approximately $12.15 million. This latest move brings the firm's cumulative transfers to a total of 4.23 million HYPE valued at about $285 million.

The deposits were made early Thursday morning, with the most recent transaction recorded at 2:05 a.m. ET (06:05 UTC) on Sept. 24. This marks the end of a one-week pause in transfers to Coinbase Prime.

Multicoin Capital has been transferring HYPE since July 28, with this latest development indicating the firm's continued interest in the token.