Multicoin Capital deposits $11.2M in HYPE to Galaxy Digital

July 08, 2026, 10:28 PM

An address believed to belong to crypto investment firm Multicoin Capital deposited 167,000 HYPE, worth $11.2 million, to Galaxy Digital's over-the-counter (OTC) desk approximately 38 minutes ago, according to Onchain Lens. Deposits to trading desks are typically interpreted as an intent to sell.

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