{"id":77141,"date":"2026-08-22T15:06:39","date_gmt":"2026-08-22T15:06:39","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hype-hits-82-record-high-while-multicoin-moves-20m-to-coinbase\/"},"modified":"2026-08-22T15:06:39","modified_gmt":"2026-08-22T15:06:39","slug":"hype-hits-82-record-high-while-multicoin-moves-20m-to-coinbase","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hype-hits-82-record-high-while-multicoin-moves-20m-to-coinbase\/","title":{"rendered":"HYPE Hits $82 Record High While Multicoin Moves $20M to Coinbase"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">HYPE hit an all-time high of $82 yesterday, up 38% over the past week.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Multicoin Capital moved 308,884 HYPE, worth $19.8 million, to Coinbase Prime.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Trump\u2019s CFTC comments fueled HYPE\u2019s rally on August 19-20, even as sell-pressure concerns persist.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Fresh High Amid Trump-Fueled Momentum<\/h2>\n<p>HYPE hit a fresh all-time high near $82 over the past day, extending a rally that has pushed the token up 38% this week. The token is <a href=\"https:\/\/www.coingecko.com\/en\/coins\/hyperliquid?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd365\" target=\"_blank\" rel=\"noopener noreferrer\">currently carrying<\/a> a 24-hour trading volume above $2 billion alongside a market capitalization of $17.17 billion. Moreover, it bears highlighting that Hyperliquid has processed more than $176 billion in 30-day trading volume while carrying open interest exceeding $8 billion.<\/p>\n<p>The surge can quite clearly be linked back to August 19, when President Donald Trump said the Commodity Futures Trading Commission (CFTC) was working to bring Hyperliquid into the United States \u201cin a fully compliant and legal manner.\u201d<\/p>\n<p>That <a href=\"https:\/\/news.bitcoin.com\/altcoins\/trumps-hyperliquid-name-drop-sends-hype-charging-toward-record-highs\/\">name-drop sent HYPE charging<\/a> toward record highs within hours, with the token jumping as much as 25% in a single day as traders priced in the prospect of formal U.S. market access.<\/p>\n<p>Lastly, the Wyoming Blockchain Symposium hosted a discussion of the CFTC\u2019s approach just days before Trump\u2019s comment, with Binance founder Changpeng Zhao separately calling any U.S. pathway for Hyperliquid \u201c<a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/2090952089249988769\" target=\"_blank\" rel=\"noopener noreferrer\">a win for the entire crypto industry<\/a>.\u201d<\/p>\n<h2>Multicoin\u2019s Coinbase Prime Deposits Raise Questions<\/h2>\n<p>Even as HYPE climbed toward its record, venture firm Multicoin Capital kept <a href=\"https:\/\/x.com\/lookonchain\/status\/2091011391801160001\" target=\"_blank\" rel=\"noopener noreferrer\">depositing tokens into Coinbase Prime<\/a>, an institutional custody and trading platform typically used by large holders to facilitate sizable trades.<\/p>\n<p>On August 20 alone, a Multicoin-linked wallet sent 308,884 HYPE, worth roughly $19.8 million, to Coinbase Prime in a seven-hour window, followed by a 172,710 HYPE deposit worth about $10.15 million and a smaller 62,700 HYPE batch worth $4.37 million around the same period.<\/p>\n<figure id=\"attachment_841258\" aria-describedby=\"caption-attachment-841258\" style=\"width:1652px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-841258\" class=\"wp-caption-text\">Image source: Arkham Intelligence<\/figcaption><\/figure>\n<p>The firm has now moved more than $100 million in HYPE into Coinbase Prime since February 2026, marking one of Multicoin\u2019s largest liquid crypto positions. HYPE traded between roughly $55 and $70 for much of the summer, and comparable large deposits in July correlated with declines of around 8% in the token\u2019s price, suggesting the market has learned to watch Multicoin\u2019s wallets closely.<\/p>\n<p>The pattern has drawn scrutiny because of the firm\u2019s own bullish public stance, with Multicoin <a href=\"https:\/\/multicoin.capital\/2026\/06\/25\/hyperliquid-hype-analysis-and-valuation\/\" target=\"_blank\" rel=\"noopener noreferrer\">publishing a valuation report in June<\/a> projecting a base-case price of $319 for HYPE by 2028, anchored to expectations that Hyperliquid\u2019s annual earnings would scale toward $8 billion.<\/p>\n<p> <iframe src=\"https:\/\/markets.bitcoin.com\/crypto\/hyperliquid\/embed\" width=\"100%\" style=\"max-height:500px;height:500px;border:none;overflow:hidden;border-radius:4px\" scrolling=\"no\" title=\"hyperliquid market data\"><\/iframe> <\/p>\n<p>The steady shift seems to be reminiscent of a broader trend of large holders moving tokens onto Coinbase Prime ahead of potential sales. In fact, Bitcoin.com News recently reported on a major <a href=\"https:\/\/news.bitcoin.com\/forward-industries-sol-coinbase-prime-underwater\/\">Solana treasury shifting a sizable sum of SOL to Coinbase Prime<\/a> while sitting on steep unrealized losses.<\/p>\n<h2>What\u2019s Next for HYPE<\/h2>\n<p>Hyperliquid has tried to counter sell-pressure narratives with its own buyback mechanism. The protocol directs nearly all trading revenue, an estimated 99% of fees from its perpetual futures and spot markets, into <a href=\"https:\/\/news.bitcoin.com\/hyperliquid-buys-back-1-16b-hype-as-token-price-hits-record-highs\/\">continuously repurchasing HYPE<\/a> through what it calls the Assistance Fund. The exchange generated over $896 million in revenue over the past 12 months, giving the buyback program substantial firepower.<\/p>\n<p>Whether that offsets Multicoin\u2019s continued Coinbase Prime deposits may decide if HYPE holds its record levels or retraces. Traders are also watching whether the CFTC\u2019s review of Hyperliquid advances into formal U.S. market access, a step that could open the platform to a far larger institutional base and add fresh demand beyond the current offshore trading crowd.<\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/hype-all-time-high-multicoin-coinbase-prime\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways HYPE hit an all-time high of $82 yesterday, up 38% over the past week. Multicoin Capital moved 308,884 HYPE, worth $19.8 million, to Coinbase Prime. Trump\u2019s CFTC comments fueled HYPE\u2019s rally on August 19-20, even as sell-pressure concerns persist. Fresh High Amid Trump-Fueled Momentum HYPE hit [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":77142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77141"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77141"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77142"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}