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Multicoin Capital Deposits $12M in HYPE, Bringing Total to $285M

Guavy AI Editorial Team
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HYPE's price fell after reaching a record $97.99 on Sept. 23 as Multicoin Capital deposited another 130,331 HYPE worth $12.15 million into Coinbase Prime.

This brings its total deposits since July 28 to 4.23 million tokens valued at $285 million, according to Lookonchain analytics platform.

The transfer does not confirm that Multicoin sold the tokens, as the platform supports institutional custody and execution, allowing for trading without showing what happened to the assets afterward.

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