Wallet linked to Multicoin Capital moves 490,000 HYPE over two days

Wallet linked to Multicoin Capital moves 490,000 HYPE over two days

N
News Editor
2026-07-23 06:59:51
Onchain Lens said a wallet believed to be tied to Multicoin Capital has transferred another 93,000 HYPE to fresh addresses, a move valued at about $5.48 million. The tracker said the same wallet had already moved 397,500 HYPE two days earlier, worth roughly $24 million. Those tokens later passed through several addresses before ending up on Coinbase. Taken together, the wallet has moved 490,000 HYPE in the past two days, with a combined value of about $29.48 million. The newly cited receiving addresses are 0xFA2173AD69De51769d75934AcBCF5C2382B1B7F1 and 0x257F1352204A01 f59abC5bc60384Bf4c1e5f8B70.
Multicoin CapitalHYPEOnchain LensCoinbasewhale movementon-chain transfers

According to Onchain Lens, a wallet believed to belong to Multicoin Capital has just transferred 93,000 HYPE to new wallets, worth about $5.48 million.

Two days earlier, the same wallet moved 397,500 HYPE valued at about $24 million. Onchain Lens said those funds later moved across multiple addresses before ultimately being deposited to Coinbase.

That brings the wallet's total transfers over the past two days to 490,000 HYPE, with an estimated combined value of about $29.48 million.

New receiving addresses

The new addresses listed were 0xFA2173AD69De51769d75934AcBCF5C2382B1B7F1 and 0x257F1352204A01 f59abC5bc60384Bf4c1e5f8B70.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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