Crypto

Multicoin Capital Moves $14.54M in HYPE Tokens to Coinbase

Guavy AI Editorial Team Published August 22, 2026

Multicoin Capital has transferred 197.56K HYPE tokens worth $14.54M to Coinbase over nine hours, indicating a potential sale from the address 0xCa292baAb13A6B97fC83bB142e689440Fd0812b8.

The transaction amount and time frame suggest that Multicoin Capital is preparing to sell its HYPE holdings, which could impact the market's perception of the asset. At $76.72, HYPE is currently trading within its Bollinger Bands with an upper resistance at $82.69. However, the Relative Strength Index (RSI) has reached 76.58 in overbought territory and the Moving Average Convergence Divergence (MACD) has confirmed a golden cross.

This technical analysis suggests that HYPE may experience a pullback toward its EMA50 support at $64.83 before any potential continuation higher. Furthermore, fresh exchange inflows into Coinbase may contribute to distribution risk in the current cycle.

Multicoin Capital Moves $14.54M in HYPE Tokens to Coinbase

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