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

July 30th, according to OnchainDataNerd monitoring, in the past 12 hours, Multicoin Capital deposited 137,100 HYPE to Coinbase Prime, worth approximately $7.51 million; Bitwise deposited 22,463 HYPE to Coinbase, worth approximately $1.23 million. The two institutions collectively deposited 159,563 HYPE, worth approximately $8.74 million, with funds flowing to Coinbase.