Crypto

Multicoin's Massive HYPE Sell-Off Sparks Crypto Market Fears

Guavy AI Editorial Team Published August 20, 2026

Multicoin Capital has transferred $10.15 million worth of HYPE to Coinbase Prime, sparking concerns about sell-pressure and liquidity risk in crypto markets.

The transfer, reported by Onchain Lens on August 18, involved 172,710 units of HYPE, which is currently ranked among the top 10 crypto tokens.

Coinbase Prime has often been associated with trader sell-offs, which could negatively impact investor sentiment and token prices.

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