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Multicoin Capital suspected of selling $133 million in HYPE since July 28

  • Multicoin Capital allegedly sold 1.725 million HYPE since July 28.
  • The transactions involved $133 million and an estimated $77.15 million profit.
  • Multicoin still held HYPE worth $60.29 million on-chain after a transfer nine hours earlier.

Multicoin Capital has allegedly sold 1.725 million HYPE worth $133 million since July 28, according to on-chain analyst Ai Yi. The transactions are estimated to have generated $77.15 million in profit. The latest transfer occurred nine hours ago at a cost basis of about $32.32 per HYPE and an average transfer price of $77.03. Multicoin still holds HYPE valued at $60.29 million on-chain.

HYPE
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