Suspected Multicoin Wallet Transfers a Total of 93,000 HYPE Coins to Multiple New Addresses

BlockBeats News, July 23rd, according to Onchain Lens monitoring, a wallet associated with Multicoin Capital has transferred a total of 490,000 HYPE tokens (approximately $29.48 million) in two days.

A wallet suspected to belong to Multicoin Capital has just transferred 93,000 HYPE tokens (approximately $5.48 million) to multiple new addresses.

This transfer is consistent with a similar operation by the same wallet two days ago: at that time, a total of 397,500 HYPE tokens (approximately $24 million) were transferred, and after the funds were split and transferred through multiple addresses, they were eventually deposited into Coinbase. In summary, the associated wallet has transferred a total of 490,000 HYPE tokens in the past two days, with a total value of approximately $29.48 million.