Multicoin Capital: Sends $8.18M HYPE to Coinbase

Multicoin Capital transferred 97.18K $HYPE tokens valued at $8.18M to Coinbase, likely preparing to sell, according to on-chain data from address 0x57C6D4bD52F592a265F59B595a905B04C848174B. HYPE, the native token of the Hyperliquid blockchain with a 1 billion max supply used for staking and governance, continues to draw institutional flows amid ongoing HYPE price prediction searches. At $81.29 the token sits inside its Bollinger bands with upper resistance at $85.25 and lower support at $80.18; the 4h structure remains bullish above EMA50 at $80.78 yet MACD has printed a death cross at 0.36 while RSI at 45.15 stays neutral, pointing to a probable retracement toward that EMA50 level before any fresh upside attempt.