Multicoin Capital sent GAL to Coinbase after vesting

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May 06, 2024

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Multicoin Capital sent GAL to Coinbase after vesting

Outflow

Related addresses

Multicoin Capital (likely) 0x9db

Total tokens transferred

423.263K

GAL

Related transactions

Multicoin Capital (likely) 0x9db

Coinbase deposit

May 06, 20:14

Wallet 0x9db (likely Multicoin Capital) just deposited 423,263 GAL ($1.58M) to Coinbase at $3.721:

transaction: 0xd3e4594f67308f73493436f5b48ff3967a43f1e826b4a5c233a652153aa17b49
address: 0x9db8cb8ddec721aa2ec51e5417af862132e7ba08
This address belongs to the entity Multicoin Capital

Notably, the VC received those GAL tokens from the "Galxe: Initial Treasury" only 17 hours ago. On May 5, Galxe was expected to unlock 5.78M GAL ($19.8M), or 5.76% of the circulating supply, to investors, advisors, the team, and the community, according to Token Unlock.

Overall, since August 8, 2022, Multicoin Capital has vested 3.386M GAL from Galxe in 8 trimonthly releases at an average price of $2.33 (total: $7.86M) and then deposited all the tokens to Coinbase at $2.042 on average ($6.92M), shortly after receiving.

Fig 1. Multicoin Capital's alleged recent GAL activities.

Fig 2. The price chart of Multicoin Capital's overall GAL vestings and deposits.

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#coinbase

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Multicoin Capital deposited GAL to Coinbase after vesting

Last synced: May 07, 02:47

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2024 Jul 23 - 04:09

Spartan Group allegedly closed a GAL trade with a $602K profit

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