Funding
Multicoin Capital Names HYPE as Largest Hedge Fund Holding
Multicoin Capital has identified Hyperliquid's HYPE token as its largest hedge fund position, managing approximately $2.7 billion. The firm previously disclosed significant HYPE exposure in June, projecting a potential HYPE price of $319 by 2028 under base-case assumptions. Multicoin also highlighted governance, competition, dilution, and liquidation risks.