According to on-chain data monitor @ai_9684xtpa, venture capital firm Multicoin Capital has allegedly sold approximately $112 million worth of HYPE tokens since July 28. The sale is expected to yield a profit of about $64.08 million, representing a return of over 134% on the initial investment. The firm initially acquired 4.95 million HYPE tokens at an average price of $32.32 each from Galaxy Digital between January and July of this year. As the token price rose, Multicoin Capital appears to have taken profits in batches on exchanges. The most recent deposit of 150,000 HYPE tokens to Coinbase occurred approximately 3 hours ago, according to the data.
According to on-chain data monitor @ai_9684xtpa, venture capital firm Multicoin Capital has allegedly sold approximately $112 million worth of HYPE tokens since July 28. The sale is expected to yield a profit of about $64.08 million, representing a return of over 134%.
The firm accumulated 4.95 million HYPE tokens between January and July this year at an average price of $32.32 from Galaxy Digital. As the token price rose, Multicoin Capital appears to have taken profits in batches on exchanges. The most recent deposit of 150,000 HYPE tokens to Coinbase occurred approximately 3 hours ago.
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