According to Onchain Lens monitoring, a wallet suspected to belong to Multicoin Capital transferred 167,000 HYPE (approximately $11.2 million) to a Galaxy Digital OTC wallet via an intermediate wallet about 2 hours ago, seemingly selling the related assets through Galaxy Digital.

HYPE0.41%
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AirdropCartographer
· 4h ago
$11.2 million transferred at will, the institutional wallet is silky smooth.
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GaslightGardener
· 16h ago
Is Multicoin also starting to sell off?
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MemeTide
· 19h ago
Old-school VCs are retreating, while retail investors are still shouting that a bull market is coming.
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MevInRetrospect
· 19h ago
167k HYPE, can the market withstand this selling pressure?
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Stop-LossAtTheEdgeOfTheLava
· 19h ago
Galaxy's OTC business has been very busy lately, taking large orders every day.
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