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Multicoin Capital deposits $12.15M HYPE tokens to Coinbase Prime, totaling $285M since July 28.

Market News
24 Sep 2026
Crypto news
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Neutral
Multicoin Capital deposits $12.15M HYPE tokens to Coinbase Prime, totaling $285M since July 28.

Multicoin Capital has transferred an additional 130,331 HYPE tokens worth $12.15 million to Coinbase Prime, bringing its total deposits since July 28 to 4.23 million tokens valued at approximately $285 million. These transfers to the institutional platform do not necessarily indicate sales, as Coinbase Prime supports custody and trading. HYPE recently hit a record price of $97.99 before pulling back slightly, while Hyperliquid's open interest reached a record $18 billion. Multicoin remains a significant holder of HYPE, which it values highly based on Hyperliquid's revenue and token economics, though risks remain. The ongoing token movements and market activity highlight strong institutional interest and growing trading volume in HYPE and Hyperliquid markets.

HYPE is currently trading at Rp1.652.889 on Pluang, down 4.54% over the past day, with a market cap of Rp416.46 trillion and a 24-hour volume of Rp19.83 trillion. Buy orders slightly exceed sell orders at 56% to 44%, and typical holding time is 37 days. These figures show active trading and investor interest as of Sep 24, 2026, 13:51 WIB.

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