Multicoin and Bitwise Deposit a Combined $8.74 Million in HYPE, Institutions Continue to Sell

Odaily Odaily reports that institutions are continuing to sell HYPE. Multicoin Capital has deposited another 137,100 HYPE, worth $7.51 million, to Coinbase Prime over the past 10 hours. Bitwise also deposited another 22,463 HYPE, worth $1.23 million, to Coinbase 9 hours ago.