Multicoin dumps $36.5M of HYPE to Coinbase Prime
The 606,091 HYPE position was bought near $30 five months ago and is now worth $36.5M, with Multicoin already depositing most of it for sale while staking out the rest.
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The 606,091 HYPE position was bought near $30 five months ago and is now worth $36.5M, with Multicoin already depositing most of it for sale while staking out the rest.
Multicoin has been a heavy HYPE accumulator since February and argues the market is pricing Hyperliquid too narrowly as a fast-growing perp DEX, not the broader venue it is building toward.