Multicoin Capital Sends 261K HYPE to Coinbase Prime

Multicoin Capital routed another 261000 HYPE tokens valued at $21.7 million into Coinbase Prime over the past nine hours.

The firm continues liquidating portions of the 1.97 million HYPE it unstaked at the end of July, with 1.551 million tokens already shifted at an average $73, on top of earlier 810000 tokens moved at roughly $68; the original 3.4 million HYPE position acquired via Galaxy Digital OTC near $33 has now generated over $150 million in total gains.

HYPE trades at $82.26 inside its Bollinger Bands with the upper resistance at $85.16 and lower support at $80.66, while the EMA50 at $80.97 acts as concrete support beneath a neutral RSI of 48.51 and a MACD death cross at 0.33 that signals short-term momentum loss before any test of higher HYPE price prediction levels.