Multicoin Capital Trims HYPE Stake by 75% Amid Expanding Institutional Access

Multicoin Capital has reduced its stake in HYPE by approximately 75% from its peak, leaving it with about $90.5 million worth of the token.

The firm accumulated around 4 million HYPE tokens in February and March, but only holds slightly more than one-quarter of that amount currently.

Multicoin's reduced position still makes HYPE its largest on-chain asset, following a series of sales that have dramatically pared back the venture firm's Hyperliquid exposure.