Multicoin Capital releases 1.97 million HYPE pledges, with some transferred to Coinbase

According to EmberCN monitoring, Multicoin Capital has released 1.97 million HYPE pledges worth $108 million. Among them, 86000 HYPEs worth 4.78 million US dollars have been transferred to Coinbase Prime. Previously, Multicoin Capital had transferred 395000 HYPEs to Coinbase, and HYPE has fallen by 10% in the past week.