Every Zipp story tagged #MulticoinCapital, newest first.
The latest transfer follows a one-week pause and brings Multicoin's deposits since July 28 to 4.23M HYPE, worth $285M.
A second nine-figure transfer to prime brokerage in days points to an ongoing distribution rather than rotation, with Multicoin trimming a position that had nearly doubled at the local top.
Multicoin takes its first position in the Hyperliquid ecosystem via a sole-investor check into Trasia, a perps DEX co-founded by ex-partner Mable Jiang targeting Asian traders.
The fund's October-to-November accumulation is now underwater by more than half, and on-chain flows show 150,000 $AAVE leaving its wallet toward Galaxy Digital OTC and BitGo in a five-hour window.
Lookonchain
TheBlock