Looks like @multicoin is consolidating some of their holdings, perhaps preparing to stake 1.77m HYPE tokens (~$111mm worth) after sharing their hyperliquid:native analysis today
1/ Multicoin published a full analysis & valuation of Hyperliquid (HYPE).
HYPE is now one of the largest positions in our liquid hedge fund. We've been accumulating aggressively since February.
Here's why we believe HYPE will be one of the best performers over the next cycle: