HYPE hits new all-time high of $82, with Multicoin transferring nearly $20 million to Coinbase Prime

According to Odaily, HYPE reached $82 yesterday, up 38% over the past week, with 24-hour trading volume surpassing $2 billion and a market cap of approximately $17.17 billion. Hyperliquid's trading volume over the past 30 days exceeded $176 billion, with open interest surpassing $8 billion.

On August 19, U.S. President Donald Trump stated that the Commodity Futures Trading Commission (CFTC) is working to bring Hyperliquid to the U.S. market in a compliant and legal manner. On August 20, a wallet associated with venture capital firm Multicoin Capital transferred 308,884 HYPE tokens, worth approximately $19.8 million, to institutional custody and trading platform Coinbase Prime within seven hours.

During the same period, this wallet also transferred 172,710 and 62,700 HYPE tokens, worth approximately $10.15 million and $4.37 million, respectively. Since February 2026, Multicoin Capital has transferred over $100 million worth of HYPE to Coinbase Prime; Hyperliquid has been continuously repurchasing HYPE with approximately 99% of its perpetual and spot market fee revenue through the Assistance Fund. (Bitcoin.com News)