Multicoin Capital has reportedly sold a total of $112 million worth of HYPE, with an estimated profit of $64.08 million.

BlockBeats News, September 4th, according to AI Goddess monitoring, Multicoin Capital has allegedly sold a total of around $112 million worth of HYPE since July 28th, with an estimated profit of $64.08 million, achieving a return of over 134%.

According to the monitoring, during the period from January to July this year, the entity acquired 4.95 million HYPE at an average price of $32.32 from Galaxy Digital. As the price of HYPE continued to rise, Multicoin allegedly took profits in batches by transferring the tokens to exchanges, with several recent transfers of HYPE to Coinbase.

The most recent transfer occurred approximately 3 hours ago, involving around 150,000 HYPE, valued at about $12.78 million.