Multicoin Capital Unstakes Large HYPE Holding, Emphasizes Chain Privacy for Institutions

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Multicoin Capital managing partner Tushar Jain confirmed on July 23 that the team recently unstaked a large amount of HYPE, not for selling. He noted that the team routinely changes wallet addresses to avoid on-chain tracking, highlighting the importance of privacy for institutional adoption. Jain reaffirmed his support for Zama and Zcash, citing their critical roles in enabling private on-chain operations. Zama is regarded as a key player in private DeFi, while Zcash is a leading privacy-focused blockchain.

ChainThink reports that on July 23, Multicoin Capital managing partner Tushar Jain stated that his team unbonded a large amount of HYPE yesterday, but not for the purpose of selling.

Tushar Jain stated that because on-chain fund flows are continuously tracked, the team must regularly change wallet addresses, highlighting the importance of privacy in institutional fund operations.

He further stated that for institutions to conduct capital operations on-chain, privacy capabilities are essential, and he remains bullish on Zama and Zcash.

Among them, Zama is regarded as infrastructure that can drive the development of private decentralized finance, while Zcash is defined as the leading privacy-focused public blockchain for value storage.

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