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Multicoin Capital

Multicoin Capital

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Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies.

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Multicoin is long Robinhood (HOOD), and HOOD is the firm's largest stock position

Odaily Planet Daily reports that Shayon Sengupta, General Partner at Multicoin Capital, revealed on the Hood House podcast that the firm is long Robinhood (HOOD), and HOOD is currently its largest public market stock position.

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Institutions Continue to Sell Off HYPE, Multicoin Capital and Bitwise Combined Deposit Over $8.74 Million to Exchanges

According to on-chain analysis platform Lookonchain (@lookonchain), in the past 10 hours, Multicoin Capital deposited 137,100 HYPE to Coinbase Prime, worth approximately $7.51 million; Bitwise deposited 22,463 HYPE to Coinbase 9 hours ago, worth approximately $1.23 million. The two institutions deposited a total of approximately $8.74 million worth of HYPE.

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Multicoin Capital Redeems 1.97 Million HYPE, Partially Transferred to Coinbase Prime

according to monitoring by Ember, one week after Multicoin Capital transferred 395,000 HYPE (approximately $37 million) to Coinbase, it continued to apply for the redemption of more HYPE from staking.Early this morning, 1.97 million HYPE (approximately $108 million) successfully exited staking after a 7-day pending period, of which 86,000 HYPE (approximately $4.78 million) was transferred to Coinbase Prime 3 hours ago.Over the past week, the price of HYPE has fallen by approximately 10%, dropping from $61 to $55.

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Multicoin Capital Transfers Portion of Unstaked HYPE to Coinbase

According to monitoring by on-chain analyst Onchain Lens, a portion of HYPE previously unstaked by Multicoin Capital has been transferred to Coinbase. Data shows that after completing the unstaking, the institution received 1.29 million HYPE from Hyperliquid, worth approximately $71.1 million at the time; subsequently, 101,340 HYPE were transferred to Coinbase, worth approximately $5.6 million.

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Suspected Multicoin Capital-associated addresses transfer 93,000 HYPE to multiple new addresses

According to Onchain Lens monitoring, a wallet suspected to be related to Multicoin Capital has cumulatively transferred 490,000 HYPE tokens over the past two days, with a total value of approximately $29.48 million.

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Multicoin Capital: Unstaking a Large Amount of HYPE Is Not Intended for Sale, On-Chain Privacy Is Crucial for Institutions

Multicoin Capital Managing Partner Tushar Jain stated that his team unstaked a large amount of HYPE yesterday, but this move was not intended for selling. He pointed out that since on-chain fund flows are continuously tracked, the team needs to regularly rotate wallet addresses, which also highlights the importance of privacy in institutional fund operations.

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Multicoin Capital: No Plan to Sell HYPE, Long-Term Bullish on Zama and Zcash

Tushar Jain, Managing Partner of Multicoin Capital, posted on platform X, stating that a large amount of HYPE was unstaked yesterday, but not for the purpose of selling assets. He noted that because institutional capital flows are constantly tracked on-chain, it forces them to periodically rotate wallets, highlighting the importance of privacy infrastructure. This is why Multicoin Capital is long-term bullish on Zama and Zcash.Previously, according to on-chain analyst Yu Jin's monitoring, a suspected Multicoin Capital-related address (0xaB3...297) is selling 607,000 HYPE, worth $37 million.

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Profit of $18.8 million: Suspected Multicoin Capital sells 607,000 HYPE

: According to on-chain analyst Ember's monitoring, an address suspected to be associated with Multicoin Capital (0xaB3...297) is selling 607,000 HYPE, worth $37 million; 4 hours ago, it transferred 395,000 HYPE to Coinbase and requested the redemption of 211,000 HYPE staked on Hyperliquid. These HYPE tokens were purchased 5 months ago via Galaxy Digital OTC at a price of $30. Of these, 210,000 HYPE were deposited into staking, while 395,000 HYPE remained in the wallet. Based on the current HYPE price of $61, its profit stands at $18.8 million.

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Trasia Labs Completes $1.75 Million Seed Round, Multicoin Capital Participates

Trasia Labs has announced the completion of a $1.75 million seed funding round, with Multicoin Capital as the sole institutional investor. The project is a perpetual contract trading platform natively built on Hyperliquid, primarily targeting the Asian market. It is currently connected to the native perpetual market on Hyperliquid in a non-custodial manner, with plans to later launch its own perpetual contracts based on the HIP-3 protocol.

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Kyle Samani reveals he bought some ANSEM

Kyle Samani, former co-founder of Multicoin Capital, reposted Ansem's planning article about the ANSEM token, stating: "I wasn't very interested in Meme coins before, but I still bought some ANSEM."

Multicoin Capital Partner Claims Crypto Market Has Bottomed, Remains Bullish on SOL, Hyperliquid, and ZEC

: Tushar Jain, Managing Partner of Multicoin Capital, stated that the crypto market has bottomed out and entered a turning point. Market sentiment has truly hit rock bottom, recent major hacking incidents and other news have not triggered large-scale sell-offs, application adoption rates continue to rise, and there is a decoupling between price and fundamentals. He maintains a long-term bullish outlook on Solana, believing SOL represents the correct architecture for spot trading and tokenized securities. Simultaneously, he is bullish on Hyperliquid's leading position in the derivatives space and currently holds significant positions in both.Regarding ZEC, he stated that Multicoin has accumulated a considerable proportion of its supply and believes it represents the industry's return to "cypherpunk" values, with the potential to enter the top five by market cap. In terms of position management, he adopts a "three-way split" strategy: immediately buying the first third, dollar-cost averaging the second third, and reserving the final third as flexible capital to cope with significant market downturns. During the Zcash code vulnerability incident, after the team observed and confirmed no hacker exploitation, they significantly increased their positions.

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Suspected Multicoin Capital wallet sells 167,000 HYPE through Galaxy Digital, valued at approximately $11.2 million

according to Onchain Lens monitoring, a wallet suspected to belong to Multicoin Capital has sold HYPE through Galaxy Digital, transferring 167,000 HYPE to Galaxy Digital's OTC trading desk via an intermediate wallet 38 minutes ago, valued at approximately $11.2 million.

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Multicoin Capital Co-Founder Reveals Development of a Consumer Product

former Multicoin Capital co-founder Kyle Samani posted on X, stating: "For those wondering what I’m working on next, I’m building a consumer product."Notably, Solana co-founder toly retweeted this update, potentially indicating a connection between the product and Solana.

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Multicoin deposited 56.116 million ENA worth $5.28 million to Galaxy and BitGo

According to Onchain Lens monitoring, Multicoin Capital (0xD4d...BC10) deposited 56.116 million ENA tokens, worth $5.28 million, to Galaxy Digital and BitGo.

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Multicoin Capital Co-Founder: “Web3 Is Dead; All That Remains Are DeFi and DePIN”

Starknet co-founder Eli Ben-Sasson tweeted that the crypto industry is currently facing an identity crisis: on one hand, many long-time OGs are leaving; on the other, institutions and TradFi are finally paying attention—precisely the entities crypto originally opposed. In response, Multicoin Capital co-founder Kyle Samani commented: “Web3 is dead—we’re now left with only DeFi and DePIN.”

Kyle Samani: Kalshi and US Crypto Perpetual Contracts Face Uncertainty with Three Potential Outcomes

Odaily Planet Daily reports: Multicoin Capital co-founder Kyle Samani posted on X platform analyzing three possible scenarios for the development of Kalshi and the US crypto perpetual contract market:1. Kalshi's previous efforts are irrelevant: Because the US market itself can already offer unregulated perpetual contracts.2. Protocols must pass the eight decentralized tests of the CLARITY Act: If the CLARITY Act passes smoothly, protocols can offer perpetual contracts in the US without registering as a DCO (Designated Contract Organizer) and DCM (Designated Contract Market).3. Products can still attract users but cannot legally enter the US financial system: Even with user recognition, protocols may still be unable to distribute within a compliant framework.Analysis suggests that these potential outcomes highlight the complex relationship between current US derivatives regulation and decentralized protocols, as well as the uncertainty surrounding the compliant implementation of innovative financial products.

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Kyle Samani: Hyperliquid is essentially just “Binance 2.0”

Kyle Samani, co-founder of Multicoin Capital, criticized Hyperliquid, arguing that its architectural design is closer to that of a centralized exchange and thus faces limitations in a permissionless decentralized environment.

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Kyle Samani criticizes Hyperliquid: Design architecture only suitable for centralized environments, US companies will not cooperate with them

Odaily, Kyle Samani, former co-founder of Multicoin Capital, criticized Hyperliquid on X, stating: "Hyperliquid is essentially just a Binance 2.0 without a marketing team. It has made thousands of architectural design decisions that are only suitable for centralized environments but completely unsuitable for permissionless, decentralized environments. Now, they are already many steps behind on this path. Furthermore, no real US company will cooperate with them in the future."

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Multicoin Capital address transfers 286,000 AAVE worth $26.68 million to Coinbase Prime

according to on-chain analyst Yu Jin's monitoring, moments ago, the Multicoin Capital address (0x7915...D759) transferred a total of 286,000 AAVE to Coinbase Prime, comprising 98,000 AAVE withdrawn from multiple exchanges 5 hours ago and 188,000 AAVE previously remaining at the address, worth $26.68 million.

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Multicoin Capital transferred 150,000 AAVE tokens, causing the price to drop 7%; Galaxy Digital subsequently repurchased 98,000 tokens at a lower price.

According to on-chain analyst Yujin (@EmberCN), Multicoin Capital transferred 150,000 AAVE tokens (approximately $14.91 million) yesterday morning via Galaxy Digital and BitGo to multiple centralized exchanges (CEXs), including Binance, OKX, Coinbase, and Bybit. Following this transfer, the AAVE price dropped approximately 7% from $99 to $92. Subsequently, Galaxy Digital withdrew 98,000 AAVE tokens (approximately $9.08 million) from those exchanges back to Multicoin Capital’s address, prompting a modest rebound in AAVE’s price to $93.

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