- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Suspected Multicoin Capital is massively re-allocating ETH to HYPE
BlockBeats News, February 5th. According to MLM Monitor, wallets connected to Multicoin Capital are now extensively swapping ETH for HYPE:
Since January 22nd, the related wallets have transferred 87,100 ETH to a Galaxy Digital deposit address associated with Multicoin, worth approximately $220 million. On January 23rd, the day after the initial transfer, a Multicoin-affiliated wallet started receiving HYPE from Galaxy.
Relevant addresses:
ETH Address: 0xfe188cA6FAf02b1Aa88d4AEF21f7de5D4ba64A70
HYPE Address: 0xd4d56a30a4a745f8ba732e8b453b7066260fbc10
The first significant transfer occurred on January 26th, with Multicoin receiving 465,000 HYPE (approximately $16 million). In the following 5 days, around 990,000 HYPE (approximately $30.6 million) were received from Galaxy. No other on-chain transfers of a similar scale have been identified so far, but more may emerge in the coming days.
Of course, it is not 100% certain, but based on the timing and on-chain connections, there is enough evidence to share this assessment. MLM stated, "We did not previously know that they held ETH of this scale. If the assessment is incorrect, I am also willing to delete this content."
You may also like
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
Why is OpenAI playing catch-up to Claude Code instead?
Vitalik wrote a proposal teaching you how to secretly use AI large models
The doubling of Circle's stock price and the paradigm shift of stablecoins
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
On-Chain Options Explosion.ActionEvent
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
Predictions market gains mainstream traction in the US, Canada, Claude launches Chart Interaction feature, What's the English community talking about today?
500 Million Dollars, 12 Seconds to Zero: How an Aave Transaction Fed Ethereum's "Dark Forest" Food Chain
AI Agent needs Crypto, not Crypto needs AI
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
App