Multicoin Capital: Unstaking a Large Amount of HYPE Not to Sell, On-chain Privacy Crucial for Institutions

BlockBeats News, July 23rd, Multicoin Capital Managing Partner Tushar Jain stated that their team unstaked a large amount of HYPE yesterday, but this was not done for selling purposes. He pointed out that due to the ongoing tracking of on-chain funds flow, the team needs to regularly change wallet addresses, highlighting the importance of privacy in institutional fund operations.

He further stated that for institutions to conduct capital operations on-chain, privacy capabilities are crucial, and therefore he continues to be optimistic about Zama and Zcash. In particular, he views Zama as infrastructure that can drive the development of privacy in decentralized finance, and defines Zcash as a leading public chain for privacy-preserving value storage.