Multicoin Capital transferred another 130,331 HYPE worth $12.15 million to Coinbase Prime after a one-week pause, bringing its reported deposits since July 28 to roughly 4.23 million tokens worth $285 million. HYPE fell more than 3% on Sept. 24 after reaching a $97.98 record the previous day, trading near $93.80 after briefly slipping below $92. Transfers to Coinbase Prime do not confirm token sales because the platform also provides institutional custody and execution services. Selling concerns also rose after five addresses began unstaking 983,600 HYPE worth $90.44 million, although Hyperliquid's seven-day unstaking period means those tokens cannot be sold immediately. Derivatives positioning weakened as roughly $3.30 million in HYPE long positions were liquidated and open interest fell about $74 million over two days.