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Multicoin Capital Transfers 4.23 Million HYPE Worth $285 Million

The investment firm deposited another 130,300 HYPE into Coinbase Prime after a one-week pause, with the latest transfer valued at $12.15 million.

Hands place a metallic token case inside a secure custody drawer / TokenPost.ai
Hands place a metallic token case inside a secure custody drawer / TokenPost.ai

Multicoin Capital deposited another 130,300 HYPE into Coinbase Prime early Thursday, bringing its cumulative transfers to 4.23 million HYPE valued at about $285 million.

The latest deposit was worth approximately $12.15 million. It followed a one-week pause in transfers to Coinbase Prime.

Multicoin Capital has transferred the 4.23 million HYPE since July 28. The latest transaction was recorded at 2:05 a.m. ET (06:05 UTC) on Sept. 24.

The deposits do not establish whether the tokens were sold or otherwise moved after deposit.

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