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Multicoin: Unstaking a large amount of HYPE isn’t for selling—institutions need privacy

2026-07-23 01:49:54

Abstract generation in progress

PANews July 23, 2024, Multicoin Capital managing partner Tushar Jain posted on X, saying that his team yesterday un-staked a large amount of HYPE tokens, but emphasized that it was not for selling. Jain said that the fund’s holdings are constantly being tracked, so they have to periodically change wallet addresses. Institutional operations require privacy protection, which is also why they are bullish on Zama (ZAMA) and Zcash (ZEC)—Zama unlocks privacy DeFi, and Zcash is the leading privacy value storage chain. Jain said that as capital markets continue to go on-chain, privacy is crucial.

HYPE0.17%

ZAMA20.86%

ZEC-0.17%

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