Multicoin Capital: Sends $14.54M HYPE to Coinbase

Multicoin Capital transferred 197.56K HYPE tokens worth $14.54M to Coinbase over nine hours, pointing to an imminent sale from the address 0xCa292baAb13A6B97fC83bB142e689440Fd0812b8.

At $76.72, HYPE sits inside its Bollinger Bands with the upper resistance at $82.69 while RSI(14) prints 76.58 in overbought territory and MACD confirms a golden cross; this confluence suggests a healthy pullback toward the EMA50 support at $64.83 before any continuation higher, especially with fresh exchange inflows adding to distribution risk in the current cycle.