ChainCatcher report: According to on-chain analyst Yujin, Multicoin Capital transferred 54.65 million ENA ($5.12 million) to Galaxy Digital four hours ago, potentially via an over-the-counter sale. ENA has declined 14% over the past 24 hours. These ENA were received from the project’s wallet in October last year, when they were valued at $25.1 million, and are now worth 80% less. However, Multicoin Capital realized a $28.3 million profit on HYPE: it purchased 1.355 million HYPE at $29 in January, sold half at $34 in March, and continues to hold the remainder.
Multicoin Capital transfers 54.65M ENA to Galaxy Digital, possibly for an OTC sale
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Summary
Multicoin Capital transferred 54.65 million ENA to Galaxy Digital, potentially for an OTC sale, according to digital asset news. The tokens, received from the project wallet in October 2025, were valued at $25.1 million but have since declined by 80% in value. Separately, the firm realized a $28.3 million profit on HYPE tokens. Digital collectibles news indicates ongoing activity in token trading strategies.
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