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Crypto

Multicoin Capital's Massive HYPE Token Transfers Continue at Coinbase

Guavy AI Editorial Team
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Multicoin Capital has continued to transfer HYPE tokens to Coinbase. The latest transfer was worth $11.92M, bringing the cumulative outflows from address 0xaB319403E72C5e97c65ef70031bab8827efc5297 to around $33.64M since yesterday.

The total number of HYPE tokens transferred in this period now stands at approximately 405.54K. The transfers follow an earlier move of $21.72M, showing a significant shift in the token's supply dynamics.

Technical analysis indicates that price action on the 4-hour chart remains within the Bollinger Bands. The current price is $81.79, slightly above the EMA50 at $81.12, while the EMA200 anchors the broader bullish structure.

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