🚨 Another wallet linked to Multicoin Capital appears to be taking profits on $HYPE .
Around 7 hours ago, the wallet unstaked 1.07M HYPE worth approximately $58.86M. Shortly after, it transferred 86,314 HYPE (around $4.78M) to Coinbase Prime, which could indicate that part of the holdings may be sold.
The original 1.07M HYPE was acquired through Galaxy Digital OTC at an average price of $37.50 per token.
Even after today's activity, the wallet is still sitting on an estimated $18.75M in unrealized profit.
Keep an eye on the on-chain activity—it could have an impact on short-term market sentiment.
#HYPE
Around 7 hours ago, the wallet unstaked 1.07M HYPE worth approximately $58.86M. Shortly after, it transferred 86,314 HYPE (around $4.78M) to Coinbase Prime, which could indicate that part of the holdings may be sold.
The original 1.07M HYPE was acquired through Galaxy Digital OTC at an average price of $37.50 per token.
Even after today's activity, the wallet is still sitting on an estimated $18.75M in unrealized profit.
Keep an eye on the on-chain activity—it could have an impact on short-term market sentiment.
#HYPE