Multicoin Capital makes HYPE its largest hedge fund holding: Bloomberg
- —Multicoin Capital manages about $2.7 billion in assets
- —HYPE is the fund's largest holding; stake size undisclosed
- —HYPE near $79, 17–20% below its $98 peak, market cap up to $20.1B
- —Polymarket puts 38.5% odds on HYPE hitting $100 by end-2026
Why it matters: A major crypto fund betting on Hyperliquid over AI signals institutional conviction in the token.
Source: Crypto Briefing