icoin

According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital has transferred approximately $59.04 million worth of HYPE to Coinbase through 8 addresses in the past 30 days, with the latest transfer occurring 7 hours ago, amounting to 81,300 HYPE (approximately $6.69 million).

According to Onchain Lens monitoring, a wallet suspected to be related to Multicoin Capital (0x76d...6045) transferred 106,100 HYPE to Coinbase Prime a few minutes ago, worth approximately 8.41 million USD.

Tushar Jain, co-founder of Multicoin Capital, stated that despite the significant rise in BTC, STRC has not re-pegged due to its low dividend levels. STRC was promoted as a fixed income product but has experienced a significant drawdown of about 30%.Tushar Jain pointed out that if investors need to bear such a level of drawdown risk, the yield of STRC must be significantly increased to provide adequate compensation for the aforementioned risk.

According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital transferred 197,560 HYPE to Coinbase in the past 9 hours, worth approximately $14.54 million, suspected to be for sale.

Multicoin Capital partner Tushar Jain stated that he spoke at the first meeting of the CFTC Innovation Advisory Committee and presented three recommendations to CFTC Chairman Selig. These include establishing safe harbors or innovation exemptions for new markets such as derivatives, allowing builders to test ideas for compliance; supporting compliance confidentiality tools in DeFi, which provide greater transparency for regulators in managing systemic risk while protecting the privacy of institutional traders.Jain also called for support for perpetual futures before IPOs, enabling ordinary Americans to share in AI wealth creation, rather than being excluded from private markets or forced into opaque SPVs. He mentioned that he also communicated with SEC Chairman Paul Atkins that day and expressed gratitude to forward-looking regulators concerned about the future of America.

According to Onchain Lens monitoring, Multicoin Capital (0x57C...174B) deposited 62,730 HYPE to Coinbase Prime 45 minutes ago, worth 4.37 million dollars.

According to Forbes, blockchain pioneers Scott Stornetta and Stuart Haber have joined the prediction market platform SafeBets as advisors. The platform allows users to make predictions without investing real money, using free points instead, with correct predictions earning Unicoin token rewards. SafeBets positions its business as "market research" rather than betting, distinguishing itself from competitors like Polymarket and Kalshi, which face legal risks.SafeBets Executive Director J. Tennyson Singer stated that the platform's long-term plan is to monetize users' collective prediction data by providing trading signals to affiliated brokerage firms, and it has already attracted thousands of participants for the World Cup events, with plans to expand into political prediction areas such as the U.S. elections.According to Unicoin Inc.'s quarterly report submitted to the SEC, SafeBets is wholly owned by Unicoin CEO Alex Konanykhin. Unicoin has been facing an SEC lawsuit since May 2025, accused of inflating fundraising amounts in token sales and falsely advertising its "SEC registered" status. Unicoin claims that the allegations are "baseless" and will actively defend itself. The Unicoin tokens awarded to users come from this litigated entity. Unicoin is currently conducting equity financing at a price of 25 cents per share, targeting $20 million.

According to Onchain Lens monitoring, Multicoin Capital transferred 172,700 HYPE to Coinbase Prime, worth approximately $10.15 million, possibly for sale.It still holds 2.16 million HYPE, worth approximately $127 million.

On-chain data shows that three wallets associated with Multicoin currently hold approximately 1.777 million HYPE, valued at about 10.2 million USD.Previously, some related HYPE was transferred to Coinbase Prime and Galaxy OTC, but it cannot be confirmed whether the sale has been completed.

According to EmberCN monitoring, a week ago, Multicoin Capital transferred 395,000 HYPE (37 million USD) to Coinbase and then continued with more HYPE staking redemptions. 1.97 million HYPE (10.8 million USD) successfully exited staking after a 7-day unbonding period.The successfully redeemed HYPE includes 86,000 (4.78 million USD) that was transferred to Coinbase Prime 3 hours ago. It is worth noting that HYPE has dropped by 10% in the past week.

According to Onchain Lens monitoring, a wallet suspected to belong to Multicoin Capital has just transferred 93,000 HYPE to a new wallet, valued at approximately 5.48 million USD.Two days ago, the same wallet transferred 397,500 HYPE, valued at approximately 24 million USD, which was subsequently circulated through multiple addresses and finally deposited into Coinbase. The wallet has transferred a total of 490,000 HYPE in two days, valued at approximately 29.48 million USD. The new addresses include 0xFA2173AD69De51769d75934AcBCF5C2382B1B7F1 and 0x257F1352204A01f59abC5bc60384Bf4c1e5f8B70.

According to Onchain Lens monitoring, Multicoin Capital unstaked 1.96 million HYPE, approximately 120 million USD, distributed across three wallets.

According to The Block, Multicoin Capital has invested $1.75 million in Trasia, completing its seed round financing. This is its first investment in the Hyperliquid ecosystem and makes it the sole investor in the startup.Trasia is built on the Hyperliquid platform and was co-founded by former Multicoin Capital partner Mable Jiang, aiming to serve Asian traders through its perpetual contract platform.

Multicoin Capital Managing Partner Tushar Jain shared in detail his valuation logic and investment framework for HYPE during the "When Shift Happens" podcast. He believes that HYPE is currently severely undervalued, with a benchmark valuation of $319, and recommends a pragmatic accumulation strategy to cope with volatility.Tushar candidly stated that trying to precisely time the market is nearly impossible. The recommended framework is: the first third: buy immediately (enter the market right away); the second third: invest according to a fixed schedule (for example, in batches over 1-2 months); the third third: increase positions opportunistically when prices dip. This method can significantly reduce psychological burden while achieving a good average cost when optimistic about the long-term prospects of the asset.Tushar's valuation model is based on four relatively conservative assumptions: the trading volume of crypto derivatives will maintain a 35% annual compound growth rate over the next two years; the DeFi derivatives market share will increase to 32%; the USDC collateral balance will grow in sync with trading volume; and the "false prosperity" currently created by some projects relying on subsidies will disappear after the subsidies are withdrawn, leading to an increase in Hyperliquid's true market share. Even with these conservative assumptions, HYPE's current price still has significant upside potential, possibly exceeding $600 in some optimistic scenarios.Tushar believes that Hyperliquid is far more than just a rapidly growing perpetual contract platform; it is expected to become a core part of crypto financial infrastructure.

Multicoin Capital Managing Partner Tushar Jain stated that the crypto market has bottomed out and entered a turning point, with current market sentiment truly reaching a low. Recent major hacking incidents and other news have not triggered large-scale sell-offs, application adoption rates continue to rise, and prices have become disconnected from fundamentals.He maintains a long-term optimistic view on Solana, believing that SOL is the correct architecture for spot trading and tokenized securities; he is also optimistic about Hyperliquid's leading position in the derivatives space, currently holding significant positions in both. Regarding ZEC, he mentioned that Multicoin has accumulated a considerable proportion of the supply and believes it represents a return to the "crypto-punk" values of the industry, with the potential to enter the top five by market capitalization.In terms of position management, he employs a "three-part method": immediately buying one-third, dollar-cost averaging the second one-third, and keeping the final one-third as flexible funds to respond to major declines. After confirming that no hackers exploited the Zcash code vulnerability incident, the team significantly increased their positions.

According to Onchain Lens monitoring, a wallet possibly belonging to Multicoin Capital appears to be selling HYPE through Galaxy Digital.167,000 HYPE (approximately $11.2 million) was routed through an intermediary wallet to Galaxy Digital's over-the-counter trading platform at around 5 o'clock.

Former co-founder of Multicoin Capital, Kyle Samani, posted on X revealing: "For those wondering what my next plan is, I am developing a consumer product."It is worth mentioning that Solana founder toly retweeted this post, which may imply that the product has some connection to Solana.

According to Onchain Lens monitoring, Multicoin Capital deposited 56.116 million ENA (5.28 million USD) into Galaxy Digital and BitGo.