On July 29, according to on-chain analyst Ember's monitoring, a week ago, Multicoin Capital transferred 395,000 HYPE ($37 million) to Coinbase and then continued to redeem more staked HYPE. Early this morning, 1.97 million HYPE ($108 million) successfully exited staking after a 7-day unstaking period. Of the redeemed HYPE, 86,000 ($4.78 million) were transferred to Coinbase Prime three hours ago. Notably, HYPE has fallen 10% over the past week.
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Multicoin Capital Unstakes 1.97 Million HYPE, Worth Approximately $108 Million
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