Multicoin Capital Moves $19.8M in HYPE to Coinbase Prime as HYPE Jumps 23%

Multicoin Capital moved 308,884 HYPE valued at a combined $19.8 million to Coinbase Prime over two days, with the latest transfers occurring as the token rallied sharply. 

The crypto investment firm sent 136,174 HYPE, valued at $9.65 million, to the platform in two transactions about seven hours before the time of reporting. 

That followed a separate deposit of 172,710 HYPE worth $10.15 million a day earlier. 

HYPE was trading at $72.37 at the time of reporting, up 23% over the previous 24 hours.

Source: Lookonchain