⚠️ While HYPE hit a new all-time high, Multicoin Capital deposited 𝟰𝟮𝟳,𝟰𝟮𝟮 𝗛𝗬𝗣𝗘 ($𝟯𝟭.𝟳𝟰𝗠) into Coinbase Prime over 3 days — a platform commonly used for institutional distribution. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: A named VC fund unloading at ATH is a classic distribution pattern. The sustained 3-day deposit streak signals structured selling, not a rebalance. If HYPE fails to hold new highs, overhead supply could accelerate a pullback. HYPE is tradeable on Hyperliquid — watch for price impact as deposits convert to active sells. The ATH-vs-distribution divergence is the key setup to monitor. https://arkm.com/explorer/entity/multicoin-capital source: lookonchain Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=2118(Hupzy (Spot On Chain))