One of the notable on-chain transactions in the cryptocurrency market was carried out by investment firm Multicoin Capital. According to data, Multicoin staked $1.96 million $HYPE Today’s token. The total value of this transaction is estimated to be approximately $83.9 million.
The transaction also confirmed a link between Multicoin and a previously unconfirmed cluster of wallets called Galaxy. The fact that this cluster holds a total of 4.11 million people $HYPE (approximately $176 million), belongs to Multicoin and supports previous predictions by market observers.
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This development has made Multicoin one of the top three. $HYPE Investor on blockchain. Company total $HYPE The number of shares held reached 7,023,000, of which 4,189,000 (approximately $179 million) were bet. However, these calculations do not include 675,000. $HYPE ($28.9 million) was sent to the Coinbase platform two weeks ago.
However, we also saw activity on the hyperfoundation side, the structure behind the ecosystem. The Foundation was reported to have recently de-staken $100,000. $HYPE Token (approximately $4.1 million). Such transactions are said to have taken place in the past to cover operating costs.
*This is not investment advice.
