Multicoin Cuts HYPE Stake Again, Has Sold Nearly Three-Quarters From Peak

Multicoin Capital sold another roughly 10% of its HYPE holdings, according to Arkham, leaving about $90.5 million worth of HYPE, still its largest on-chain position. The firm accumulated around 4 million HYPE at its peak in February and March but now holds only slightly more than a quarter of that amount, implying it has sold nearly 75% of its peak position. — link