Multicoin Capital and Bitwise have collectively deposited nearly 160,000 HYPE tokens into Coinbase in the past 12 hours.

BlockBeats News, July 30th, according to OnchainDataNerd monitoring, in the past 12 hours, Multicoin Capital deposited 137,100 HYPE tokens into Coinbase Prime, worth approximately $7.51 million; Bitwise deposited 22,463 HYPE tokens into Coinbase, worth approximately $1.23 million. The two institutions have cumulatively transferred 159,563 HYPE tokens, worth around $8.74 million, and the fund flows are all directed to Coinbase.