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Crypto

Multicoin Capital Deploys Over $10M in Hype Tokens to Coinbase Prime

Guavy AI Editorial Team
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Multicoin Capital has made another significant deposit into Coinbase Prime, this time adding 172,710 HYPE tokens valued at approximately $10.15 million.

The transaction was recorded seven hours ago and brings to light the trading activity around HYPE on the platform.

HYPE is currently holding above its EMA50 support level of $57.48 but is nearing its EMA200 level at $58.67, indicating a potential short-term correction or consolidation.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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