Multicoin Capital: Sends 136K HYPE to Coinbase

Multicoin Capital transferred another 73.44K HYPE (~$5.28M) to Coinbase Prime after an earlier 62.73K deposit, bringing the daily total to 136.17K tokens and signaling probable sales pressure on the token.

Price action on the 4h chart shows HYPE trading at $69.84 above the upper Bollinger Band resistance at $68.89 with RSI(14) at 83.28 in overbought territory and MACD confirming a bullish golden cross at 2.54; this confluence points to exhaustion and favors a retracement toward the EMA50 support at $59.11 before any sustained continuation. HYPE price prediction models now incorporate these flows alongside broader crypto market crash risks, while AI industry impact on token demand remains a secondary driver for institutional desks tracking similar names like TAO.