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

Odaily reported that 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.