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Profit of $18.8 million; Multicoin Capital Suspected of Selling 607,000 HYPE Tokens
Svmuu News: According to on-chain analyst Yu Jin, an address suspected to be associated with Multicoin Capital (0xaB3...297) is selling 607,000 HYPE tokens, worth $37 million;Four hours ago, it transferred 395,000 HYPE to Coinbase and requested the redemption of 211,000 HYPE staked on Hyperliquid.These HYPE tokens were purchased 5 months ago via Galaxy Digital OTC at a price of $30; 210,000 HYPE were staked, while 395,000 HYPE remained in the wallet.Based on the current HYPE price of $61, the profit amounts to $18.8 million.
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Source：Odaily · Source Link
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