Suspected Multicoin address holds $26.9 million in HYPE, with unrealized profit of approximately $10.5 million

Odaily, Arkham posted on X platform, stating that Arkham AI has discovered an address suspected to be associated with Multicoin. After receiving approximately $39.4 million transferred from Galaxy Digital OTC, the address deposited $22.99 million into Coinbase. The address currently still holds $26.9 million worth of HYPE, with an unrealized profit of about $10.5 million.