Market monitors citing Arkham’s AI attribution engine said wallets predicted to be associated with Multicoin have staked about $82 million worth of HYPE through HyperCore, framing the move as a concentrated, yield-bearing position in Hyperliquid’s DeFi-native layer-1 ecosystem. Separately, Lookonchain reported that wallet 0xb5E4 accumulated 1.22 million HYPE tokens worth $52.28 million over the past three weeks from Wintermute, Galaxy Digital, OKX, Bybit, Gate.io, and Kraken. The two reports both point to sizable HYPE positioning, but only the first links wallets to Multicoin and staking activity, while the second identifies a specific wallet address without naming an owner or intent.