Multicoin Capital transferred approximately 308,884 HYPE tokens worth over $19.8 million into Coinbase Prime over a seven-hour window. The fund accumulated over $100 million in HYPE since February 2026, with additional transfers totaling nearly $40 million made between July and August 2026. HYPE’s price has fluctuated between $55 and $70 recently, and July’s large deposits correlated with an approximately 8% decline. Multicoin published a $319 price target for HYPE in June 2026, creating a notable contrast with moves that resemble preparation for an exit.
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