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Multicoin Capital The related wallets transferred approximately 8340000 USD HYPE, suspected to be preparing to sell.
Multicoin Capital Transferred to Coinbase Prime again 8340000 USD HYPE, suspected to be preparing to sell
BlockBeats reported that October 1, according to monitoring by OnchainLens,Multicoin Capital wallets related to Coinbase Prime 92,380 units of HYPE, worth approximately 8340000 USD, suspected to be preparing to sell.
Original link https://m.theblockbeats.info/flash/369834
October 1, OnchainLens monitoring indicates that Multicoin Capital related wallets deposited into Coinbase Prime 92,380 units of HYPE。
This batch of HYPE is worth approximately 8340000 USD。
The report was relayed by BlockBeats.
The following is analysis, separate from reported facts. Verify important claims independently.
On-chain monitoring shows that a batch of HYPE was deposited into Coinbase Prime. Depositing assets on an exchange may be related to a sale, but the current evidence only clearly shows a transfer in and does not clearly show that a sale has already occurred.
If a sale occurs later, it could increase the potential selling pressure on HYPE; however, this cannot currently confirm that an actual sale has occurred.
Transferring tokens to an exchange does not mean that they have already been sold; subsequent movements remain subject to observation.
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