Multicoin Partner: Crypto Market Has Bottomed; Long-Term Bullish on SOL, HYPE, and ZEC

According to Huoxing Finance, on July 13, Tushar Jain, Managing Partner at Multicoin Capital, stated on a podcast that the crypto market has reached its bottom and entered a critical turning point. He believes that market sentiment has been fully purged—recent negative events, including major hacks, have not triggered large-scale selling, while application adoption continues to rise and asset prices increasingly diverge from fundamentals, all signaling a potential market reversal. The current environment is forming a “perfect storm.” Jain remains bullish on the long-term potential of Solana (SOL) and Hyperliquid (HYPE), viewing SOL as an ideal infrastructure for spot trading and tokenized securities, and Hyperliquid as the leader in on-chain derivatives. He currently holds significant allocations of both assets in his personal and institutional portfolios. Additionally, he revealed that Multicoin has accumulated a substantial portion of Zcash’s (ZEC) supply, seeing the project as a return to cypherpunk ideals and expecting it to rank among the top five cryptocurrencies by market cap in the future. In terms of position management, Jain employs a “three-part” strategy: allocating one-third of capital immediately, deploying a second third through dollar-cost averaging, and reserving the final third for significant market pullbacks. Following the recent Zcash code vulnerability incident, after confirming the exploit had not been leveraged by hackers, the team further increased their position.