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Analyst Flags Possible ETH-to-HYPE Swaps by Multicoin-Linked Wallets

2026-05-23 07:07:33

Abstract generation in progress

On-chain analyst MLM said wallets linked to Multicoin Capital may have swapped ETH for HYPE after 87,100 ETH worth $220 million moved to a Galaxy Digital deposit address on Jan. 22. Arkham analyst Emmett Gallic said the analysis is plausible.

ETH-3.12%

HYPE-2.8%

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