According to on-chain analyst Yujin, four hours ago, Multicoin Capital transferred 54.6 million ENA (valued at $5.12 million) to Galaxy Digital, potentially for an OTC sale. ENA has declined 14% over the past 24 hours and is now worth 80% less than when it was received in October last year, when its value was $25.1 million. Additionally, this address realized a $28.3 million profit on HYPE: it purchased 1.35 million HYPE at $29 in January, sold half at $34 in March, and has held the remainder since.
Multicoin Capital transfers 54.6M ENA to Galaxy Digital amid a 14% 24-hour price decline
AiCoinShare
Summary
Multicoin Capital transferred 54.6M ENA ($5.12M) to Galaxy Digital, potentially for an OTC trade. ENA dropped 14% in 24 hours and is now down 80% from its October 2025 value of $25.1M. Altcoins to monitor include ENA amid evolving digital asset market dynamics. The same address also realized a $2.83M profit on HYPE: 1.35M HYPE purchased in January at $29, with half sold in March at $34.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.