Multicoin Capital deposited 333,166 HYPE worth $26.73 million into CoinbasePrime, bringing its weekly deposits to nearly $40 million. Bitwise also transferred 84,320 HYPE valued at $6.71 million to Coinbase amid net outflows of $8.18 million for HYPE Spot ETFs. Hyperliquid mitigated selling pressure by burning 32,770 HYPE, with exchange netflows remaining negative at -$2.6 million. HYPE trades below its simple moving average at $80 with a downward-trending MACD, indicating short-term bearish momentum.
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