Multicoin Capital: Deposits 815K HYPE to Coinbase Prime

Multicoin Capital deposited another 815,885 HYPE tokens worth $59.8 million into Coinbase Prime over the past ten days.

Price action on the 4h chart shows HYPE at $82.69 holding above the EMA50 support at $77.88 while testing the upper Bollinger Band resistance at $85.29; the neutral RSI reading of 55.32 combined with the MACD death cross at 1.57 suggests limited upside until a pullback to the $78.88 lower band retests the bullish EMA structure.