Multicoin Capital transferred 106,110 HYPE, valued at approximately $8.41 million, to Coinbase Prime, according to blockchain monitoring platform Onchain Lens. An earlier report identified a suspected Multicoin-linked wallet, 0x76d...6045, as transferring 106,100 HYPE, creating a discrepancy in the reported amount. Deposits to exchange-linked wallets can precede selling but may also reflect custody changes, OTC transactions, staking, lending or other operational activity. HYPE has not shown a dramatic immediate reaction, and traders are monitoring the wallet and broader market data for follow-up activity.