Multicoin Capital is a thesis-driven investment firm that invests in cryptocurrencies, tokens, and blockchain companies.
DePIN project Grass has announced an investment from Multicoin Capital's hedge fund and venture fund. The amount and round were not disclosed. The project uses crypto incentives to encourage users to share idle network bandwidth, providing AI labs with public internet data querying, parsing, and real-time retrieval services.
Grass
Multicoin Capital stated that as real-world assets (RWAs) such as equities, bonds, commodities, and foreign exchange accelerate their migration on-chain, the core infrastructure of DeFi will gradually expand from primarily serving native crypto assets to encompass traditional financial market structures such as order books, RFQ, fixed-rate lending, options, dark pools, and portfolio margin. Multicoin believes that the next phase of bringing RWAs on-chain is no longer merely asset tokenization, but rather enabling these assets to actively participate in trading, credit, derivatives, and risk management, thereby expanding the overall size of the DeFi market.
ALLO
Chain
RWA Inc.
Xend Finance
according to Lookonchain monitoring, Multicoin Capital, after a one-week pause, has once again deposited 130,300 HYPE worth $12.15 million to Coinbase Prime. Since July 28, Multicoin Capital has cumulatively deposited 4.23 million HYPE worth $285 million to Coinbase Prime.
Coinbase
Hypercent
Hyperliquid
Lookonchain
Tushar Jain, Founder and CIO of Multicoin Capital, stated that the current crypto market sentiment appears slightly overheated, leaving open the possibility of a pullback or consolidation. He advised investors to stay calm, avoid overtrading, and focus on holding high-quality assets, allowing their investment thesis to play out naturally rather than attempting to precisely time every short-term high or low.
Market
Sentiment
Upside
According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital transferred 441,000 HYPE tokens (approximately $35.31 million worth) from four wallets to Coinbase Prime over the past six hours, seemingly preparing to sell.
Coinbase
Hypercent
Hyperliquid
Onchain
Odaily News: According to Lookonchain monitoring, Multicoin Capital has again deposited 333,200 HYPE, worth $26.73 million, into Coinbase Prime.
Coinbase
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Hyperliquid
Lookonchain
Odaily News According to on-chain analyst Ai Yi's monitoring, Multicoin Capital has been suspected of selling 1.725 million HYPE worth $133 million since July 28, with an expected profit of $77.15 million. Its most recent deposit occurred 9 hours ago, with a cost price of approximately $32.32 and an average deposit price of $77.03. Currently, it still holds HYPE worth $60.29 million on-chain.
Hypercent
Hyperliquid
Odaily News According to on-chain analyst Ai Yi's monitoring, Multicoin Capital has reportedly sold HYPE worth $112 million since July 28, with an estimated profit of $64.08 million, representing a return rate exceeding 134%. Between January and July of this year, the entity built a position of 4.95 million HYPE tokens from Galaxy Digital at an average price of $32.32, and subsequently appears to have taken profits in batches on exchanges. Its most recent deposit to Coinbase occurred 3 hours ago, involving approximately 150,000 HYPE tokens valued at $12.78 million.
Coinbase
Galaxy
Galaxy
Hypercent
Hyperliquid
Return
Odaily News, Backpack officially announced that Kyle Samani, former co-founder of Multicoin Capital and early investor in Solana, has now joined the Backpack US board of directors.Previously, Kyle Samani had publicly expressed intentions to step away from the crypto industry, signaling a gradual exit to focus on personal investments. In February of this year, he posted that "cryptocurrency is not as interesting as expected, and blockchain has limited potential," but later deleted the post.
Backpack
Solana
According to an official post from Backpack, Multicoin Capital co-founder and early Solana investor Kyle Samani has officially joined the Backpack US board of directors. Backpack stated that this appointment reflects a shared belief that the future of global finance will combine institutional risk controls with the efficiency and transparency of on-chain markets. Kyle Samani has long specialized in decentralized finance, blockchain infrastructure, and the evolution of global capital markets, making him one of the most influential voices in the crypto industry.
Backpack
Solana
According to Onchain Lens, Multicoin Capital has transferred an additional 63,200 HYPE to Coinbase, worth approximately $5.23 million. Since the update yesterday, it has cumulatively transferred 261,600 HYPE to Coinbase, valued at around $21.72 million.
Coinbase
Hypercent
Hyperliquid
Onchain
Odaily News - According to on-chain analyst Yu Ying's monitoring, Multicoin Capital (0xA9D...a642F) has continued to transfer 261,000 HYPE, worth $21.7 million, to Coinbase Prime over the past 9 hours. Multicoin Capital redeemed 1.97 million HYPE from staking at the end of July, of which 1.551 million HYPE, worth $114 million, have been gradually transferred to Coinbase Prime over the past month, with an average transfer price of $73.
Coinbase
Hypercent
Hyperliquid
According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital has transferred approximately $59.04 million worth of $HYPE to Coinbase across 8 addresses over the past 30 days. The latest transfer occurred 7 hours ago, amounting to 81,300 HYPE (approximately $6.69 million).
Coinbase
Hypercent
Hyperliquid
Onchain
Odaily News, According to Lookonchain monitoring, Multicoin Capital has been continuously depositing HYPE into Coinbase Prime, with a cumulative total of 815,885 HYPE worth $59.8 million deposited over the past 10 days.
Coinbase
Hypercent
Hyperliquid
Lookonchain
Odaily News – HYPE reached an intraday high of $82 yesterday, rising 38% over the past week, with 24-hour trading volume exceeding $2 billion and a market cap of approximately $17.17 billion. Hyperliquid's 30-day trading volume surpassed $176 billion, with open interest exceeding $8 billion.On August 19, U.S. President Donald Trump stated that the Commodity Futures Trading Commission (CFTC) is pushing to bring Hyperliquid into the U.S. market in a compliant and lawful manner. On August 20, a wallet associated with venture capital firm Multicoin Capital transferred 308,884 HYPE tokens, valued at approximately $19.8 million, to institutional custody and trading platform Coinbase Prime within seven hours.During the same period, the wallet also transferred 172,710 and 62,700 HYPE tokens, valued at approximately $10.15 million and $4.37 million, respectively. Since February 2026, Multicoin Capital has transferred over $100 million worth of HYPE to Coinbase Prime. Meanwhile, Hyperliquid has been using approximately 99% of its perpetual and spot market fee revenue to continuously buy back HYPE through the Assistance Fund. (Bitcoin.com News)
August
Bitcoin
Bitcoin.com
Coinbase
Hypercent
Hyperliquid
According to on-chain analyst Onchain Lens (@OnchainLens), Multicoin Capital transferred 197,560 HYPE tokens valued at approximately $14.54 million to Coinbase over the past 9 hours, likely for sale.
Coinbase
Hypercent
Hyperliquid
Onchain
Odaily News: The inaugural Innovation Advisory Committee meeting of the US Commodity Futures Trading Commission (CFTC) was held this morning. Tushar Jain, co-founder of Multicoin Capital, put forward three proposals at the meeting: First, establish a safe harbor or innovation exemption mechanism for emerging markets such as computing power derivatives, allowing developers to test new products and business models within a compliant framework; Second, support the adoption of compliant privacy and confidentiality tools in DeFi, ensuring transaction privacy for institutional investors while providing regulators with sufficient transparency to identify and manage systemic risks; Third, support the launch of Pre-IPO perpetual futures, enabling ordinary US investors to participate in the wealth growth of emerging industries such as AI, preventing them from being excluded due to private market access restrictions, or being forced to participate indirectly through special purpose vehicles (SPVs) that lack transparency.Tushar Jain also stated that he had exchanges with SEC Chairman Paul Atkins on the same day, expressing optimism about regulators driving financial innovation and the future development of the United States.
According to monitoring by on-chain analysis platform Hupzy (Spot On Chain) (@hupzy_agent), Multicoin Capital deposited HYPE tokens to Coinbase Prime twice in succession within 24 hours, totaling approximately $20 million. The first deposit of 172,710 HYPE (approximately $10.15 million) was made on August 19, followed by a second deposit of approximately $9.85 million.
August
Chain
Coinbase
Hypercent
Hyperliquid
Spot On Chain
According to on-chain analysis platform Lookonchain (@lookonchain), Multicoin Capital deposited another 172,710 HYPE into Coinbase Prime 7 hours ago, worth approximately $10.15 million.
Coinbase
Hypercent
Hyperliquid
Lookonchain
Odaily Planet Daily reports that Shayon Sengupta, General Partner at Multicoin Capital, revealed on the Hood House podcast that the firm is long Robinhood (HOOD), and HOOD is currently its largest public market stock position.
Planet
Planet
Planet
Robinhood