Onchain Lens reported that an address estimated to belong to crypto investment firm Multicoin Capital deposited 101,340 HYPE ($5.6 million) to Coinbase, out of the $120 million worth of HYPE it unstaked. Previously, the address received 1.29 million HYPE ($71.1 million) unstaked from Hyperliquid. Hyperliquid applies a 7-day waiting period to convert staked balances to spot.
