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Multicoin Capital Moves 130,331 HYPE to Coinbase, Lifting Two-Month Deposits to 4.23 Million

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Summary

  • Crypto investment firm Multicoin Capital transferred a large amount of Hyperliquid (HYPE) to Coinbase, the U.S. cryptocurrency exchange.
  • According to Lookonchain, Multicoin Capital transferred 130,331 Hyperliquid, worth $12.15 million, to Coinbase Prime.
  • Multicoin Capital has deposited 4.23 million Hyperliquid, worth $285 million, into Coinbase over roughly two months since late July.

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Photo: Multicoin Capital
Photo: Multicoin Capital

Crypto investment firm Multicoin Capital has transferred a large amount of Hyperliquid (HYPE) to U.S. cryptocurrency exchange Coinbase.

Lookonchain said on Sept. 24 that Multicoin Capital moved 130,331 HYPE to Coinbase Prime. The tokens were worth $12.15 million at the time of the deposit.

Multicoin Capital has been steadily transferring Hyperliquid to Coinbase Prime. From late July through Sept. 24, the firm deposited about 4.23 million HYPE into Coinbase over roughly two months, with a total value of about $285 million.

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