Multicoin moves $10 million in HYPE to Coinbase Prime, stirring selloff fears
MSN·
- On August 18, Onchain Lens reported that Multicoin Capital transferred approximately 172,710 HYPE tokens, valued at about $10.15 million, to Coinbase Prime.
- This transfer to a platform frequently associated with trader liquidation has sparked market concerns regarding a potential selloff.
- The transaction by a major institutional backer has drawn significant attention because HYPE currently ranks among the top 10 crypto tokens.
