Hyperliquid HYPE tops Multicoin’s hedge fund as firm rejects AI pivot

Hyperliquid’s HYPE has become Multicoin Capital’s largest hedge-fund position as the investment firm has reaffirmed its focus on crypto over standalone artificial intelligence investments. HYPE ranks as Multicoin’s largest hedge-fund holding, with its position size undisclosed. Multicoin’s June research already identified HYPE among its largest liquid-fund investments. September wallet reports tracked Multicoin-linked transfers to Coinbase Prime without confirming completed sales. Paradigm’s expanded investment mandate retains crypto alongside artificial intelligence and robotics. Bloomberg reported that Spencer Applebaum, Multicoin’s general partner and co-head of venture investments, identified HYPE as the fund’s largest holding without disclosing its size.

Source: crypto.news