Multicoin Capital: Sends $5.23M HYPE to Coinbase

Multicoin Capital moved another 63.23K $HYPE tokens valued at $5.23M to Coinbase, lifting the two-day total to 261.55K $HYPE or $21.72M from the same wallet cluster. HYPE trades at $82.9 inside its Bollinger band with upper resistance at $85.2 and lower support at $80.72 while the EMA50 at $81.09 continues to act as immediate structural support above the EMA200 at $70.37. The MACD death cross at 0.37 signals fading momentum even as RSI at 51.36 stays neutral, suggesting any push toward the upper band may stall and force a retest of the 50-EMA before fresh continuation. Over the past six months similar large exchange inflows from funds have preceded short-term volatility spikes in HYPE price prediction models and broader Bitcoin market trends.