Multicoin Capital is suspected of selling HYPE worth $112 million since July 28, with estimated profits of $64.08 million and returns exceeding 134%, while HYPE remains its largest reported position at about $90.5 million. On-chain analyst Ai Yi said the entity accumulated 4.95 million HYPE from Galaxy Digital between January and July at an average price of $32.32, and its latest Coinbase deposit involved about 150,000 HYPE worth $12.78 million; deposits can precede sales but do not confirm execution. Earlier Arkham data showed three Coinbase Prime transfers totaling 261,555 HYPE worth about $21.7 million and estimated that Multicoin retained just over 25% of a roughly 4 million-token peak position. Separately, a whale completed a year-long exit with nearly $140 million in profit, while Hashdex added HYPE to its NCIQ fund at a 3.4% weight.