Multicoin Capital deposited 62.73K HYPE tokens (~$4.37M) to Coinbase Prime, signaling potential token sale pressure.

Ecosystem · 2026-08-19

Multicoin Capital transferred 62.73K HYPE tokens valued at approximately $4.37M to Coinbase Prime. The deposit may signal preparation for a token sale, though the firm has not disclosed its intentions for the transfer.

Previously on Telem

Multicoin Capital transfers $10.2M in HYPE tokens to Coinbase 2026-08-18
Whale unstakes 300K HYPE as $50M exits staking 2026-08-19
Loracle faces $10.95M loss on $HYPE short position, liquidation looming 2026-08-19
Trump meets crypto industry leaders at White House on sovereignty 2026-08-19
Coinbase Base accelerator selects 10 startups, invests $100K each 2026-08-19