Blockchain monitoring data cited by BlockBeats suggests that Multicoin Capital has continued to reduce its HYPE position in recent weeks. According to tracking by Ai Yi, the entity has transferred about 1.725 million HYPE to trading platforms since July 28, with an estimated value of roughly $133 million.
The monitored data puts the position’s estimated profit at about $77.15 million. It also shows an average cost basis of around $32.32 per HYPE and an average deposit price of about $77.03. The latest transfer was recorded 9 hours ago.
Despite the recent deposits, the address or related entity still holds HYPE on-chain worth about $60.29 million, based on the figures cited in the report. The report describes the activity as suspected continued selling rather than a confirmed disposal of the entire remaining position.
BlockBeats reported on Sept. 9, citing monitoring by Ai Yi, that Multicoin Capital appears to have continued selling HYPE.
Since July 28, the entity has deposited about 1.725 million HYPE to trading platforms, with an estimated value of roughly $133 million, according to the monitored data. Estimated profit stands at about $77.15 million. The same data shows an average cost basis of about $32.32 and an average deposit price of about $77.03.
The latest deposit took place 9 hours ago. The entity still holds HYPE on-chain worth about $60.29 million.
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