HYPE Hits All-Time High of $82, Multicoin Transfers $20M to Coinbase Prime

The record high, heavy volume and large market cap show HYPE now trades as a major liquid asset, which is what makes Multicoin's transfer to Coinbase Prime notable: a fund-sized position moving to a prime brokerage venue is a distribution and custody signal worth tracking, not just routine housekeeping. The CFTC's reported push to bring Hyperliquid into the US compliantly is the structural item here, since regulatory access, not price, is what would broaden the holder base. Whether that effort advances, and whether the transfers since February continue at this scale, are the open questions.