Multicoin Supply Risk Tops $90M as Whale Exits Hyperliquid

A whale that held a position in Hyperliquid (HYPE) for a year has made nearly $140 million in profit, selling 969,595 HYPE worth approximately $79.18 million to Coinbase Prime and FalconX exchanges.

This exit removes a major source of potential selling pressure on the market, leaving demand to absorb the remaining tokens.

However, Multicoin Capital has been steadily decreasing its HYPE holdings, selling 75% of their peak position. They have deposited approximately $34.2 million in HYPE at Coinbase Prime, and still retain around $91 million in HYPE in their holdings.

The potential for this remaining supply to hit the market adds pressure to the token, as it tests whether buyer demand can absorb institutional selling pressure or force HYPE into weaker territory.