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Deep Tide TechFlow message: On July 23, according to Onchain Lens monitoring, a wallet allegedly associated with Multicoin Capital transferred a cumulative 490k HYPE over the past two days, with a total value of about $29.48 million.
Among them, the latest transaction was a transfer of 93k HYPE to two new addresses, worth about $5.48 million. In the prior two days, the same wallet had also sent out 397.5k HYPE, worth about $24 million. After the related funds were distributed and transferred via multiple addresses, they were ultimately deposited into Coinbase.