727 FinancePANews reported on September 24 that according to Lookonchain monitoring, after a week of suspension, Multicoin Capital deposited 130,331 HYPE (worth US$12.15 million) to Coinbase Prime. Since July 28, Multicoin Capital has deposited a cumulative 4.23 million HYPE (valued at $285 million) into Coinbase Prime.
Multicoin Capital deposited approximately 130,000 HYPE to Coinbase Prime, worth $12.15 million
Related news
Coinbase earned a net profit of $700 million in Q3, with nearly 90% of the profit coming from rising coin prices.
When Bitcoin's price is stuck in a range, the market will take a more sober view of Coinbase's profitability and risk resilience as a company.