Since Multicoin Capital transferred a significant amount of$HYPE to Coinbase Primewhile the asset is trading near its recent highs, Hyperliquid is facing a potentially significant supply event. Over the course of the last 12 hours, Multicoin Capital deposited a total of 261,555 $HYPE, or roughly $21.7 million, to Coinbase Prime, according to on-chain data provided.
