Multicoin Capital: Unstaking a Large Amount of HYPE Is Not Intended for Sale, On-Chain Privacy Is Crucial for Institutions
7x24h News
Multicoin Capital: Unstaking a Large Amount of HYPE Is Not Intended for Sale, On-Chain Privacy Is Crucial for Institutions
Multicoin Capital Managing Partner Tushar Jain stated that his team unstaked a large amount of HYPE yesterday, but this move was not intended for selling. He pointed out that since on-chain fund flows are continuously tracked, the team needs to regularly rotate wallet addresses, which also highlights the importance of privacy in institutional fund operations.
Navigating Web3 tides with focused insightsTechFlow reports, on July 23, Multicoin Capital Managing Partner Tushar Jain stated that his team unstaked a large amount of HYPE yesterday, but this move was not intended for sale. He pointed out that as on-chain fund flows continue to be tracked, the team needs to regularly change wallet addresses, which also highlights the importance of privacy in institutional capital operations.
He further stated that if institutions are to carry out capital operations on-chain, privacy capabilities are key, therefore he remains bullish on Zama and Zcash. Specifically, he views Zama as infrastructure capable of driving the development of private decentralized finance, while defining Zcash as a leading privacy value storage public chain.
