After a one-week break, #MulticoinCapital# deposited another 130,331 $HYPE ($12.15M) into #CoinbasePrime#. Since July 28, #MulticoinCapital# has deposited a total of 4.23M $HYPE ($285M) into #CoinbasePrime#.

Multicoin Capital Management is resisting the rush into artificial intelligence that has swept up rival crypto investment firms, betting its expertise in digital assets gives it an edge in finding promising businesses.

Multicoin Cuts HYPE Stake Again, Has Sold Nearly Three-Quarters From Peak Multicoin Capital sold another roughly 10% of its HYPE holdings, according to Arkham, leaving about $90.5 million worth of HYPE, still its largest on-chain position. The firm accumulated around 4 million HYPE at its peak in February and March but now holds only slightly more than a quarter of that amount, implying it has sold nearly 75% of its peak position.

MULTICOIN SENT $59M $HYPE TO COINBASE Multicoin Capital has sent ~$59.04M worth of $HYPE to Coinbase over the past 30 days. The latest transfer was 81.3K $HYPE (~$6.69M) 7 hours ago. Addresses: 0x257F1352204A01f59abC5bc60384Bf4c1e5f8B70 0x57C6D4bD52F592a265F59B595a905B04C848174B 0x6CD6D02d5Db383564Ddddd75F939f5b81971833F 0x76d43a75e180fFc6c2346c78716700c81A546045 0xAB73C6A90E1BEdFD2169255A03EF79e3Db9F121A 0xCa292baAb13A6B97fC83bB142e689440Fd0812b8 0xFA2173AD69De51769d75934AcBCF5C2382B1B7F1 0xaB319403E72C5e97c65ef70031bab8827efc5297

Multicoin Capital keeps depositing $HYPE into Coinbase Prime. Over the past 10 days, it has deposited a total of 815,885 $HYPE ($59.8M) into Coinbase Prime.

Multicoin-linked wallet moves 490K $HYPE (~$29.48M) in 2 days A wallet likely belonging to Multicoin Capital just moved 93K $HYPE (~$5.48M) to fresh wallets. New addresses: • 0xFA2173AD69De51769d75934AcBCF5C2382B1B7F1 • 0x257F1352204A01f59abC5bc60384Bf4c1e5f8B70 This follows a similar move two days ago from the same wallet: 397.5K $HYPE (~$24M) was transferred, shuffled across multiple addresses, and eventually deposited to Coinbase.

Multicoin Capital appears to be taking profits on 606,091 $HYPE ($36.5M) bought around $30 5 months ago. 6 hours ago, Multicoin Capital deposited 395,570 $HYPE($23.78M) into #CoinbasePrime# and also requested to unstake 211,486 $HYPE($12.94M). Multicoin Capital's profit on $HYPE is now ~$18.5M.