Multicoin Capital Unstakes HYPE, Remains Long-Term Bullish on Zama and Zcash

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Multicoin Capital managing partner Tushar Jain shared on X that the firm recently unstaked a large amount of HYPE, not for selling. Institutional adoption trends are closely monitored through on-chain data, prompting regular wallet rotations. Jain emphasized the importance of privacy infrastructure, citing Zama and Zcash as long-term investments. Earlier on-chain data indicated a suspected Multicoin address sold 607,000 HYPE tokens, valued at $37 million.

Odaily Planet Daily reports: Tushar Jain, Managing Partner at Multicoin Capital, posted on X that he recently unbonded a large amount of HYPE, but not for the purpose of selling assets. He explained that because institutional fund flows are continuously tracked on-chain, he is compelled to periodically rotate wallets—highlighting the importance of privacy infrastructure. This is also why Multicoin Capital has long been bullish on Zama and Zcash.

Previously, according to on-chain analyst Yujin, a suspected Multicoin Capital-related address (0xaB3...297) is selling 607,000 HYPE tokens, valued at $37 million.

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