Multicoin Capital: Sells $112M HYPE Stake

Multicoin Capital has offloaded roughly $112 million in HYPE since July 28, locking in an estimated $64.08 million profit at a 134% return after accumulating 4.95 million tokens from Galaxy Digital between January and July at an average $32.32.

The latest 150,000-token deposit worth $12.78 million landed on Coinbase just three hours ago. With HYPE price at $87.09 testing upper Bollinger resistance while the 50-EMA sits at $81.99 and the 200-EMA at $71.54, a healthy retracement toward the 50-EMA support appears probable before any continuation higher; MACD golden cross at 0.91 keeps the broader structure bullish despite RSI at 66.83.