Multicoin Sells Another 10% of Its HYPE Holdings

Multicoin has sold another 10% of its HYPE holdings. According to Odaily, HYPE is Multicoin's largest position, and the firm currently holds about $90.5 million worth of the token. Multicoin accumulated HYPE between February and March this year, has held it for more than six months, and once held 4 million HYPE before reducing its position to 25% of the original amount.