Multicoin Capital Wallets Engage in Significant Ethereum to HYPE Token Swaps

Wallets believed to be associated with Multicoin Capital are actively exchanging substantial quantities of Ethereum (ETH) for HYPE tokens. According to NS3.AI, since January 22, a Galaxy Digital deposit address linked to Multicoin has received 87,100 ETH. Starting January 23, a particular Multicoin wallet initiated the transfer of these ETH assets, suggesting notable portfolio changes.