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Unknown Wallet Cluster Receives 3.52 Million HYPE From Galaxy Digital

Blockchain data indicates an unidentified wallet cluster received about $144 million in HYPE from Galaxy Digital over 40 days, including a latest transfer of 395,000 tokens valued near $16.2 million.

HYPE

Summary

Blockchain data cited in the source shows that an unknown wallet cluster received 3,523,331 HYPE worth about $144 million from Galaxy Digital over the past 40 days. MLM data on March 17 said the latest transfer totaled 395,000 HYPE, valued at about $16.2 million. The identity of the receiving addresses remains unconfirmed.

Terms & Concepts
  • Wallet cluster: A group of blockchain addresses that analysts believe may be controlled by the same entity based on transaction patterns.
  • HYPE: A crypto token referenced in the source as the asset transferred from Galaxy Digital to the unidentified addresses.
  • Blockchain data: Transaction information recorded on-chain and used to trace token movements between wallet addresses.