[Suspected Multicoin Capital is Massively Swapping ETH for HYPE] BlockBeats News, February 5: According to MLM monitoring, wallets associated with Multicoin Capital are swapping large amounts of ETH for HYPE: Since January 22, the related wallet has transferred 87,100 ETH, worth approximately $220 million, to a Galaxy Digital deposit address associated with Multicoin. On January 23, the day after the first transfer, a wallet linked to Multicoin began receiving HYPE from Galaxy. Relevant addresses: ETH address: 0xfe188cA6FAf02b1Aa88d4AEF21f7de5D4ba64A70 HYPE address: 0xd4d56a30a4a745f8ba732e8b453b7066260fbc10 The first large transfer occurred on January 26, with Multicoin receiving 465,000 HYPE (approximately $16 million). Over the next five days, it received an additional 990,000 HYPE (approximately $30.6 million) from Galaxy. No other on-chain transfers of similar scale have been observed yet, but it cannot be ruled out that more may appear in the coming days. Of course, this is not 100% confirmed, but based on the timing and on-chain associations, there is sufficient evidence to share this judgment. MLM stated, 'We previously did not know they held such a large amount of ETH. If this judgment is incorrect, I am willing to delete this content.'