Multicoin Capital Unstakes 607K HYPE Worth $37M Yesterday, Denies Sale Plans

HYPE-3.07%
ZAMA20.88%
ZEC-3.48%
According to Tushar Jain, managing partner at Multicoin Capital, the firm unstaked a large amount of HYPE yesterday but said the move was not intended for sale. The action came as on-chain analyst Yejin monitored a suspected Multicoin-linked address selling 607,000 HYPE worth $37 million. Jain explained that institutional fund flows face continuous on-chain tracking, forcing regular wallet rotations to maintain operational privacy. This underscores the importance of privacy infrastructure, driving Multicoin Capital's long-term conviction in Zama and Zcash.
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