Multicoin Managing Partner Says No Plans to Sell HYPE, Optimistic About ZAMA and ZEC Long-Term
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Multicoin Capital Managing Partner Tushar Jain stated that the team unstaked a large amount of HYPE yesterday, but not for the purpose of selling the assets. Due to the continuous on-chain tracking of institutional fund flows, the team needs to regularly rotate wallets. This move is also the reason why Multicoin Capital remains optimistic about ZAMA and ZEC in the long run. Previous monitoring indicated that addresses suspected to be related to Multicoin Capital were selling 607,000 HYPE, valued at approximately $37 million. The address transferred 395,000 HYPE to Coinbase four hours ago and requested to redeem 211,000 HYPE staked on Hyperliquid.
-- Price
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