July 28, 2026·Bearish·onchain activity

Multicoin Capital Unstakes $58.86M HYPE, Deposits to Coinbase Prime

A wallet linked to Multicoin Capital unstaked 1.07 million HYPE tokens (~$58.86 million) and deposited 86,314 HYPE ($4.78 million) into Coinbase Prime. The tokens were originally purchased via Galaxy Digital OTC, signaling a potential large-scale position adjustment or liquidation.

Detected & updated continuously · Source: Nebula

Mentioned

Hyperliquid (hype)

@multicoin

Sources

@lookonchain

Note that a wallet linked to #MulticoinCapital unstaked 1.07M $HYPE ($58.86M) 6 hours ago and deposited 86,314 $HYPE($4.78M) into #CoinbasePrime. The 1.07M $HYPE was bought via Galaxy Digital OTC at an average price of $37.5 and is now up ~$18.75M. https://t.co/lJhSpZa6NC https://t.co/PoB9jle3qm