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Multicoin Capital Shifts Another $12M in Hype Tokens to Coinbase Prime

Guavy AI Editorial Team
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HYPE
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Multicoin Capital has transferred another $12.15 million worth of HYPE tokens to Coinbase Prime, bringing its total since July 28 to $285 million in value.

The latest deposit of 130,331 HYPE tokens followed a one-week break in similar transfers from the investment firm.

This move has been closely watched as Multicoin Capital had previously made significant bets on HYPE, making it one of the largest positions in its liquid fund with a valuation based partly on Hyperliquid's revenue and trading activity.

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