333,200 HYPE Moved to Coinbase Prime

Multicoin Capital reportedly moved 333,200 HYPE tokens to Coinbase Prime. The transfer value is approximately $26.73 million (about 36 billion won). Odealy reports that Multicoin Capital's transfer amount was 333,200 tokens, not 3.33 million as previously reported. The report notes that the Coinbase Prime deposit does not necessarily indicate a completed spot sell-off, and could instead represent institutional fund allocation or a change in custody arrangements.