Multicoin Capital: Routes 167K HYPE to Galaxy Digital

Multicoin Capital appears to be offloading 167K HYPE (~$11.2M) via Galaxy Digital's OTC desk after routing through an intermediary wallet.

Over the past 12 months institutional sales of this scale have repeatedly influenced HYPE price prediction models while traders track Bitcoin correlations and crypto market crash risks alongside AI industry impact on token flows.

On the 4h chart HYPE sits at $67.01 inside a bearish trend with EMA50 resistance at $68.41 above EMA200 support at $65.58; the MACD death cross keeps momentum negative while neutral RSI at 40.03 and price inside the Bollinger Bands point to a likely test of lower support at $66.58 before any move toward upper resistance at $73.19.