Wallet tied to Multicoin Capital deposits $10.15M in HYPE to Coinbase

A wallet believed to be tied to Multicoin Capital deposited 172,710 HYPE, worth about $10.15 million, to Coinbase, according to Onchain Lens. Onchain Lens added the transfer appeared to be intended for a sale. The wallet still holds about 2.16 million HYPE, worth roughly $126.63 million. According to CoinMarketCap, HYPE was trading at $58.59, down 1.39%.