Multicoin Capital Deposits $26.73M HYPE to Coinbase Prime
Multicoin Capital sent 333,166 HYPE worth $26.73M to Coinbase Prime. HYPE trades at $80.44 with neutral RSI and MACD golden cross on 4h chart.
SourceAnalysis
Multicoin Capital moved another 333,166 $HYPE ($26.73M) into Coinbase Prime roughly 20 minutes ago.
The deposit aligns with ongoing institutional positioning in HYPE amid broader crypto flows tracked over the past year. Traders monitoring HYPE price prediction models now watch how large transfers affect liquidity on major venues.
On the 4h chart HYPE sits at $80.44 inside Bollinger Bands with upper resistance at $81.46. Price tests near the EMA50 at $81.16 while the EMA200 at $75.11 offers deeper support. RSI at 50.91 stays neutral and the MACD golden cross at -0.36 signals building bullish momentum, suggesting a possible push toward the upper band before any retracement to the 50-EMA.
Lookonchain
@lookonchainLooking for smartmoney onchain