Multicoin Capital: Deposits $21.7M HYPE to Coinbase Prime

Multicoin Capital sent 261,555 HYPE tokens valued at $21.7 million to Coinbase Prime across the last 12 hours, extending a 10-day pattern that now totals 815,885 HYPE or $59.8 million.

HYPE price action on the 4-hour chart holds a bullish structure above the EMA50 at $81.08 and the EMA200 at $70.37 while sitting inside the Bollinger Bands. With price pressing the upper band resistance at $85.2 and RSI(14) at 51.06 remaining neutral, the MACD death cross at 0.37 points to near-term consolidation before any test of lower support at $80.72. Traders tracking HYPE price prediction models note this setup aligns with broader crypto market flows amid ongoing institutional repositioning.