A wallet linked to Multicoin Capital recently unstaked 1.07 million HYPE tokens, valued at approximately $58.86 million. Following this, 86,314 HYPE tokens, worth about $4.78 million, were deposited into Coinbase Prime. The 1.07 million HYPE tokens were originally acquired via Galaxy Digital OTC at an average price of $37.5, and the current holdings show an unrealized gain of approximately $18.75 million.