Multicoin sends 760,580 HYPE worth $62.99m to Coinbase Prime in four weeks

The story so far: Multicoin Capital HYPE position

Multicoin Capital said in June that Hyperliquid's HYPE was one of the largest positions in its liquid fund, and on Sept. 30 a Multicoin wallet deposited 92,400 HYPE worth about $8.34M to Coinbase Prime. GP Spencer Applebaum now says HYPE is its hedge fund's largest position and that the firm will stay focused…

1. 30 Sep 202620:53 UTC

   Multicoin Capital deposits 92,400 HYPE worth $8.34M to Coinbase Prime

   Onchain Lens monitoring shows a Multicoin Capital wallet deposited 92,400 HYPE, worth about $8.34 million, to Coinbase Prime, possibly for a sale, Odaily reported.

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2. 6 Oct 202610:20 UTC

   Multicoin Capital GP says Hyperliquid's HYPE remains firm's largest position

   Spencer Applebaum, a general partner at Multicoin Capital and co-head of venture investing, said at a recent event that Hyperliquid's HYPE token remains the firm's largest position. The firm said in June that HYPE was one of the largest positions in its liquid fund.

   AltcoinsCoinNessAIBullish

3. 8 Oct 202600:46 UTC

   Multicoin sends 760,580 HYPE worth $62.99m to Coinbase Prime in four weeks

   Onchain Lens monitoring shows Multicoin deposited another 67,500 HYPE, worth $5.92m, to Coinbase Prime. Over the past four weeks it has moved a total of 760,580 HYPE, worth $62.99m, to the platform.

   AltcoinsOdailyAIBullish

4. 19 Oct 202612:30 UTC

   Multicoin Capital says it will not invest in pure AI projects

   Spencer Applebaum, a Multicoin Capital general partner, said the firm will stay focused on crypto rather than follow peers into AI. He said HYPE is its hedge fund's largest position; the firm manages $2.7bn.

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