Multicoin Capital and Bitwise deposit over $8.74 million in HYPE to exchanges

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According to crypto news sources, Multicoin Capital and Bitwise made significant HYPE deposits on Tuesday. Multicoin transferred 137,100 HYPE tokens ($7.51M) to Coinbase Prime within the last 10 hours. Bitwise added 22,463 HYPE tokens ($1.23M) to Coinbase nine hours ago. The combined value of these deposits exceeds $8.74M. The activity is visible in real-time blockchain data.

According to on-chain analytics platform Lookonchain (@lookonchain), over the past 10 hours, Multicoin Capital deposited 137,100 HYPE tokens into Coinbase Prime, valued at approximately $7.51 million; Bitwise deposited 22,463 HYPE tokens into Coinbase 9 hours ago, valued at approximately $1.23 million. Together, the two institutions deposited approximately $8.74 million worth of HYPE.

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