Multicoin Capital Suspected of Selling 1.725 Million HYPE for $77.15 Million Profit

On-chain data indicates that Multicoin Capital has sold approximately 1.725 million HYPE tokens since July 28, with a total value of $133 million. The firm is estimated to have realized a profit of $77.15 million. The most recent deposit occurred nine hours ago, with an average deposit price of $77.03 against an estimated cost basis of $32.32. The firm currently retains HYPE holdings valued at $60.29 million.