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Tushar Jain Says HYPE Unstaking Was Not For Selling After Wallet Activity Alert

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2026-07-23 00:27:40
Tushar Jain said a large HYPE unstaking was not intended to sell assets after Yu Jin tracked a suspected Multicoin Capital-related address selling 607,000 HYPE. According to NS3.AI, the tokens were worth $37 million.

Jain said on-chain tracking of institutional capital flows requires periodic wallet rotation. He added that this process supports Multicoin Capital's long-term bullish view on Zama and Zcash.
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