A wallet linked to Multicoin Capital moved 1.0611 million HYPE tokens to Coinbase Prime a few minutes before the alert, according to on-chain tracker OnchainLens. The transfer was valued at about $8.41 million at the time it was flagged. BlockBeats reported the movement on Aug. 25 and said the deposit could signal a pending sale. The update was presented as a brief market alert based on wallet activity, with no additional transaction details disclosed in the source. Coinbase Prime, rather than the retail exchange platform, was the stated destination of the transfer.
A wallet linked to Multicoin Capital transferred 1.0611 million HYPE tokens to Coinbase Prime a few minutes before the alert, according to OnchainLens.
BlockBeats reported the move on Aug. 25 and said the tokens were worth about $8.41 million at the time. The outlet added that the transfer could indicate an impending sale.
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