Multicoin Capital-Linked Entities Suspected of Selling $133M in HYPE

Entities linked to Multicoin Capital allegedly sold 1.725 million HYPE since July 28, worth approximately $133 million, on-chain analyst Ai Yi reported. The sales were made at an average deposit price of $77.03, against an estimated cost of $32.32, generating an estimated profit of $77.15 million. The entities still hold about $60.29 million worth of HYPE on-chain.