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Crypto

Multicoin Unstakes $58.86M in HYPE Tokens to Coinbase Prime

Guavy AI Editorial Team
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A significant transfer of HYPE tokens has been recorded after a Multicoin-linked wallet unstaked 1.07 million tokens valued at $58.86 million and directed them to Coinbase Prime.

The transaction, which occurred within hours, resulted in nearly $86 million in transfers.

Meanwhile, a Selini-linked wallet deposited 495,473 HYPE worth $26.8 million on OKX.

The price action of HYPE on the 4h chart remains bearish, with the token trading at $54.74 and sitting below its EMA50 resistance at $58.16 and the EMA200 at $62.01.

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