ME News reports that on September 3 (UTC+8), Kyle Samani, former co-founder of Multicoin Capital and early investor in Solana, posted a comment referencing Arkham’s monitoring of Multicoin Capital’s sale of a 10% position in HYPE: “Steps to becoming a successful venture investor: 1) Buy a large position; 2) Appear on podcasts and talk about it; 3) Sell it. I’m really struggling with step 3.” The comment appears to be a subtle critique of Multicoin Capital for promoting HYPE to inflate its price before exiting. Previously, after holding a $90.5 million HYPE position for over six months, Multicoin sold another 10% of its stake, leaving it with only 25% of its peak holding. (Source: ODAILY)
Multicoin Capital former founder Kyle Samani alleges a HYPE dumping strategy.
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Summary
Multicoin Capital co-founder Kyle Samani has raised questions about the firm’s HYPE position trading, suggesting a potential hype-driven exit. In a post citing Arkham data, he outlined a three-step venture strategy, with selling posing his biggest challenge. The firm recently sold 10% of its HYPE stake, retaining 25% of its peak position after six months. The move underscores the importance of capital preservation in managing long-term positions.
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