Multicoin Capital: No plans to sell HYPE, long-term bullish on Zama and Zcash

Odaily reported that Tushar Jain, managing partner at Multicoin Capital, posted on X stating that a large amount of HYPE staking was unlocked yesterday, but not for the purpose of selling assets. He explained that, as institutional fund flows are continuously tracked on-chain, this forces them to regularly rotate wallets, highlighting the importance of privacy infrastructure. This is also why Multicoin Capital has long been bullish on Zama and Zcash.

Previously, according to on-chain analyst Yu Jin’s monitoring, a suspected Multicoin Capital-related address (0xaB3...297) was selling 607 thousand HYPE tokens, worth 37 million US dollars.