Multicoin Sells Another 10% of Hype Holdings, Leaving $90.5 Million on the Table

Multicoin Capital has continued to sell its holdings in Hyperliquid (HYPE), reducing its position for the second time, according to blockchain intelligence platform Arkham.

The investment firm has sold roughly another 10% of its HYPE holding, leaving it with approximately $90.5 million worth of the asset.

This sale brings Multicoin's total reduction in its peak HYPE position to nearly 75%, down from a high of 4 million HYPE accumulated during February and March.