Crypto

Multicoin Capital Sells $8.34M HYPE to Coinbase Prime

Guavy AI Editorial Team Published October 1, 2026

Multicoin Capital has made another significant sale of HYPE tokens, depositing 92.38K units valued at $8.34 million into Coinbase Prime.

This move adds pressure on price prediction models as institutional flows continue to shape token liquidity in 2026.

HYPE's price action is currently bullish, holding above the EMA50 support of $89.65 and EMA200 at $84.53, with a MACD golden cross intact despite a neutral RSI reading of 58.12.

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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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