Multicoin Capital Moves $8.34M HYPE to Coinbase Prime
Hyperliquid (HYPE)
Editor:
Eugene Serbin
OnchainLens monitoring reveals that a wallet linked to Multicoin Capital deposited 92,380 HYPE tokens into Coinbase Prime on 1 October 2026. The transfer is valued at approximately $8.34 million and is suspected to indicate preparation for selling the holdings. This movement occurs while US stock indices closed with mixed results on Wednesday.
In other market news, Michael Saylor noted that the STRC Preferred Stock dividend rate remains at 12% for October. Additionally, Ripple unlocked 1 billion XRP tokens, valued at roughly $1.49 billion. A crypto whale increased its ZEC holdings to a main wallet balance of $66.19 million.
Meanwhile, a trader profited $448K by monitoring new listings on Binance. Funds also flowed into Bitcoin, Ethereum, and Hyperliquid last week. A dormant $PEPE whale moved 2.1T tokens worth $52M to a new address.
Elon Musk’s tweet about Moltbook caused the MOLT coin to surge 30% to a new all-time high of $114 million. A smart AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin, and $arc. Another sniper earned 2,277 ETH worth $8.3M trading $SHIRO within 18 hours.
The 30-year-old entrepreneur behind Virtual leads a multi-million dollar AI agent society. One trader lost $73.9K trading memecoins in just 3 minutes. Finally, on-chain records show how the $SPORE token works.
How the market reacted
Whalio's own Binance spot order flow for HYPE, measured when this story was written up on 1 October 2026. Not the outlet's figures.
HYPE is currently trading at $90.97 on Binance spot markets. The 1-hour buy ratio stands at 70.0%, indicating strong immediate buying pressure compared to the 45.1% ratio over the past 4 hours. This suggests that short-term buying momentum is building relative to the recent 4-hour trend. The 24-hour buy ratio is 58.6%, showing a majority of trades are buys over the full day. Volume delta is positive $484,468 in the last hour, contrasting with a negative $709,734 over 4 hours. This means aggressive buying has resumed in the immediate term after a period of net selling. The 24-hour volume delta is +$8,130,684, confirming net inflows over the day. Cumulative Volume Delta closed at +$6,012,161, reinforcing the net buying bias.
Was that an ordinary day?
The same Binance spot measurements for HYPE, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio for HYPE was 49.0%. Today’s 24-hour buy ratio of 58.6% is 9.6 points higher than that weekly average. This indicates a notably more bullish trading day compared to the recent norm. Spot volume for the 24-hour period reached $46,894,724, which is 2.37 times the weekly average volume. The 7-day volume delta totaled +$7,181,274, showing consistent net buying over the longer timeframe. Price changed -1.3% over the 7 days, despite the increased volume and buying pressure. This is an unusual day for the coin, characterized by significantly higher volume and a buy ratio well above the weekly average.