After accumulating 606,091
$HYPE around $30 roughly 5 months ago, Multicoin Capital has started moving part of its holdings.
few hours ago, the firm deposited 395,570
#hype (worth approximately $23.78 million) into Coinbase Prime and also requested to unstake 211,486 HYPE (worth around $12.94 million).
Here are the addresses:
0xaB319403E72C5e97c65ef70031bab8827efc5297
0xC3F4dC6E5213DbA7a0d80b13e94248dF009Fd8A6
Based on its estimated entry price, Multicoin Capital is now sitting on approximately $18.5 million in profit on its HYPE investment.