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261,555 Hyperliquid tokens moved to Coinbase Prime, signaling possible institutional selling pressure.

Market News
02 Sep 2026
UToday
View Source
Bearish
pluang ai news

Multicoin Capital transferred 261,555 Hyperliquid (HYPE) tokens worth about $21.7 million to Coinbase Prime in three batches, raising concerns about increased sell-side liquidity from institutional investors. Although deposits to Coinbase Prime often indicate potential sales, they do not confirm actual market sales as the platform supports OTC and custody services. HYPE's price recently surged to around $83 but faces resistance near $84-$87, with technical indicators suggesting cooling momentum but no clear breakdown yet. The market will watch if HYPE holds the $80 level to gauge demand against institutional supply.

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