PANews reported on March 17 that, according to MLM monitoring, a wallet cluster received 3,523,331 HYPE tokens ($144 million) from Galaxy Digital in the past 40 days, making it one of the largest buyers during this period. Two hours ago, Galaxy Digital made a final transfer to this cluster, amounting to 395,000 HYPE tokens ($16.2 million).

The analyst had suggested that Multicoin might be exchanging ETH for HYPE, but this has not been confirmed.