According to on-chain analyst Aunt Ai, Multicoin Capital has allegedly sold HYPE in batches since July 28, involving approximately $112 million, with an estimated profit of $64.08 million and a return exceeding 134%. The entity initially accumulated 4.95 million HYPE tokens at an average price of $32.32 from Galaxy Digital between January and July this year, and has reportedly been gradually depositing tokens into exchanges to realize profits as the HYPE price rose. The most recent deposit to Coinbase occurred three hours ago, totaling approximately 150,000 HYPE tokens, valued at around $12.78 million.
Multicoin Capital allegedly sells $112M worth of HYPE, with an expected profit of $64.08M
TechFlowShare
Summary
Multicoin Capital is reportedly selling $112 million worth of HYPE, aiming to realize a $64.08 million profit. The firm purchased 4.95 million HYPE tokens from Galaxy Digital at $32.32 each between January and July. As the crypto price rose, the entity transferred the tokens to exchanges to secure gains. The latest deposit of 150,000 HYPE to Coinbase is valued at $12.78 million. With altcoins gaining momentum, HYPE’s movement could signal broader market activity.
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