Multicoin Capital: $55M HYPE to Coinbase Prime

Multicoin Capital unstaked 1.97 million HYPE at the end of July and has since routed 810,000 tokens valued at $55.24 million into Coinbase Prime at an average $68, following its early-year OTC purchase of 3.4 million HYPE at roughly $33 via Galaxy Digital.

With price at $82.69 testing upper Bollinger resistance at $85.29 while the MACD prints a death cross, a healthy retracement toward the EMA50 support at $77.88 looks probable before any continuation higher in the still-bullish structure defined by the EMA200 at $66.99.