Onchain Lens said Multicoin Capital transferred 172,700 HYPE to Coinbase Prime in a move valued at about $10.15 million. The transfer may be tied to a potential sale, according to the brief update cited by ChainCatcher. After the transaction, Multicoin Capital still held 2.16 million HYPE, with the remaining position valued at roughly $127 million based on the figures in the report. The update focuses on the size of the transfer and the fund’s remaining balance, without providing extra transaction details beyond the on-chain monitoring note.
ChainCatcher reported, citing Onchain Lens, that Multicoin Capital transferred 172,700 HYPE to Coinbase Prime. The tokens were valued at about $10.15 million, and the transfer may have been made for a sale.
After the move, Multicoin Capital still held 2.16 million HYPE, worth about $127 million.
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