Multicoin Capital Unstakes 1.97 Million HYPE ($108M) Over 7 Days, Transfers 86K Tokens to Coinbase

HYPE-1.84%
According to EmberCN monitoring, Multicoin Capital redeemed 1.97 million HYPE ($108 million) from staking over a 7-day period, following an earlier transfer of 395,000 HYPE ($37 million) to Coinbase. Of the unstaked tokens, 86,000 HYPE ($4.78 million) were transferred to Coinbase Prime approximately 3 hours ago. HYPE declined 10% over the past week.
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