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Multicoin Capital Locks Up $83.9 Million in HYPE Tokens Today, Becomes Top-3 Holder

GateNews

On-Chain Data Rankings & Leaderboards

2026-05-05 22:41:44

HYPE-2.75%

According to on-chain data, investment firm Multicoin Capital staked 1.96 million HYPE tokens today, valued at approximately $83.9 million. The transaction also confirmed Multicoin’s connection to the “Galaxy” wallet cluster, which holds 4.11 million HYPE (roughly $176 million).

Multicoin has now become one of the three largest HYPE investors on-chain, with total holdings of 7.023 million tokens, of which 4.189 million (approximately $179 million) are staked. Meanwhile, the Hyperfoundation unstaked 100,000 HYPE tokens (approximately $4.1 million), reportedly to cover operational expenses.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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