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Multicoin Capital Reportedly Sells $112 Million Worth of HYPE, Projected Profit Reaches $64.08 Million

1 hours ago

According to on-chain analytics account AI Yi’s monitoring, Multicoin Capital has reportedly sold a total of roughly $112 million worth of HYPE since July 28, generating an estimated profit of $64.08 million with a return of over 134%. Per the monitoring, the entity built a position of 4.95 million HYPE tokens from Galaxy Digital between January and July this year at an average price of $32.32 per token. As HYPE’s price continued to climb, Multicoin has been taking partial profits by transferring tokens to exchanges, with multiple recent HYPE transfers to Coinbase. The most recent transfer took place around 3 hours ago, involving approximately 150,000 HYPE tokens valued at roughly $12.78 million.

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