Multicoin Capital: Unloads $35M HYPE to Coinbase

Multicoin Capital transferred 441K $HYPE tokens valued at $35.31M from four wallets to Coinbase Prime over the past six hours, pointing to an imminent sale.

At the current HYPE price of $78.77 the token sits inside its Bollinger Bands with upper resistance at $81.34 and lower support at $77.26 while the 50-EMA at $80.93 acts as immediate overhead resistance above the 200-EMA at $75.12; RSI at 44.02 stays neutral yet the MACD golden cross at -0.51 signals building momentum that could drive a quick test of the upper band before any pullback to the 50-EMA in ongoing institutional crypto flows and altcoin sell pressure.