Multicoin Capital: Transfers $10.2M HYPE to Coinbase

Multicoin Capital transferred 172.71K $HYPE worth roughly $10.15M to Coinbase Prime, a move widely viewed as preparation for sale, though the firm continues to hold 2.16M $HYPE valued at $126.63M.

Price action on the 4h chart shows $HYPE at $59.12 inside the Bollinger Bands with the upper band at $60.73 acting as short-term resistance; the EMA50 at $57.45 continues to function as reliable support in the bullish structure while the MACD death cross at 0.74 signals fading momentum, prompting traders focused on HYPE price prediction to watch for a potential retracement before any continuation higher.