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

Odaily Planet Daily reported that Tushar Jain, Managing Partner of Multicoin Capital, stated on platform X that a large amount of HYPE was unlocked for staking yesterday, but it was not intended to sell the assets. He explained that due to continuous on-chain tracking of institutional fund flows, they are forced to periodically rotate wallets, highlighting the importance of privacy infrastructure. This is why Multicoin Capital remains bullish on Zama and Zcash for the long term.

Previously, according to monitoring by on-chain analyst Yu Jin, an address suspected to be related to Multicoin Capital (0xaB3...297) was selling 607,000 HYPE, worth $37 million.