Institutional selling in HYPE continued, according to Odaily. Over the past 10 hours, Multicoin Capital deposited another 137,100 HYPE worth $7.51 million to Coinbase Prime. Separately, 9 hours ago, Bitwise deposited another 22,463 HYPE worth $1.23 million to Coinbase. Based on the disclosed figures, the two transactions totaled about $8.74 million. The update points to continued token transfers from institutions to exchange venues.
Institutional selling in HYPE is continuing, according to Odaily.
Over the past 10 hours, Multicoin Capital deposited another 137,100 HYPE, worth $7.51 million, to Coinbase Prime.
In a separate transfer 9 hours ago, Bitwise deposited another 22,463 HYPE, worth $1.23 million, to Coinbase.
Based on the disclosed figures, the combined value of the two deposits was about $8.74 million.
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