Multicoin Capital just dumped another 261,555 HYPE ($21.7M) into Coinbase Prime. They're down to barely 25% of the 4M they once held. Yeah, the same VC that slapped a $319 price target on HYPE back in June is now quietly ghosting. HYPE is still their biggest bag at $90.5M, but they're clearly not holding for the moon. Classic 'talk the talk, walk the walk' while retail chases the ATH.
▪️ Three separate transfers this week: 63k, 101k, 97k HYPE. Not exactly a one-and-done.
▪️ Peak holdings: 4M HYPE. Now: just over 1M. That's a 75% haircut, folks.
▪️ They sold near the $86.71 ATH. Now HYPE is ~$82. Coincidence?
▪️ June price target: $319. Based on a $160B fantasy valuation. Bear case $109, bull $689. Sure, buddy.
▪️ Trader swarmik says 17.2% drop incoming: targets $76.77, $72.68, $68.49. Risk 1.5R. Might want to listen.
📊 Transferred:
261,555 HYPE ($21.7M)📊 Remaining:
~1M HYPE ($90.5M)📊 Peak holdings:
4M HYPEMulticoin is unloading while HYPE is hot. That's not a vote of confidence – it's a signal. Retail bagholders will be left holding when the VC exits. Add swarmik's bearish setup, and a break below $80 could cascade. Trump's cozy chat about Hyperliquid? Won't save you from a 17% drop.
💬 «Heavy selling liquidity could push the price lower... three downside targets at $76.77, $72.68, and $68.49.» — swarmik
🔮 Multicoin still has a million HYPE to dump. Watch for more Coinbase Prime transfers. The exit isn't done yet.
@exverse_chat
