Multicoin Capital Stays Committed to Crypto, Keeps HYPE as Top Holding
The $2.7 billion fund resists the AI trend, maintaining its focus on digital assets and HYPE token as its largest position.
The $2.7 billion fund resists the AI trend, maintaining its focus on digital assets and HYPE token as its largest position. Hyperliquid (HYPE) is trading at ₹7,470 ($78.59), down 1.0% since this brief published. This is an original Token Times brief based on reporting by Bitcoin.com, with live market data added, as of Tue, 20 Oct 2026 06:15:01 UTC.
Multicoin's decision highlights a strategic divergence among crypto venture firms, showcasing confidence in the digital asset space despite industry diversification into AI. The firm's continued backing of HYPE also underscores its long-term conviction in Hyperliquid's decentralized exchange model.
- Multicoin Capital maintains HYPE as its largest hedge fund position.
- The firm has $2.7 billion in assets under management.
- Hyperliquid's TVL is $325.63M, down 1% over the past week.
- HYPE token price is $79.42 with a $17.67B market cap.
- Multicoin Capital Maintains Crypto Focus, Rejects AI Hype
- Multicoin Capital Stays Committed to Crypto, Keeps HYPE as Top Holding — this brief
Multicoin Capital, a $2.7 billion crypto investment firm, has announced it will not follow other venture capital firms into standalone AI investments. The firm believes its competitive edge lies in the digital asset space, not in AI.
This strategic decision comes as many crypto venture firms are diversifying their portfolios to include AI projects, reflecting a broader trend of technological convergence. Multicoin's commitment to digital assets suggests a strong belief in the long-term potential of blockchain technology and cryptocurrencies.
In addition to its focus on digital assets, Multicoin Capital has confirmed that it continues to hold 
Hyperliquid's HYPE token as its largest position in its hedge fund. This decision indicates the firm's confidence in Hyperliquid's decentralized exchange model and its potential for growth.
According to DeFiLlama, Hyperliquid's total value locked (TVL) currently stands at $325.63 million, marking a 1% decrease over the past week. The HYPE token is trading at $79.42, with a market cap of $17.67 billion, reflecting a slight 24-hour decline of 0.35%.
The broader crypto market remains relatively flat, with a total market cap of $2.81 trillion. 
Bitcoin is down 0.66% over the past 24 hours, while the Fear & Greed Index stands at 55, indicating a state of 'Greed' among investors.
Since this brief published about 2 hours ago, Hyperliquid (HYPE) has moved from ₹7,549.07$79.42 to ₹7,470.18$78.59 — -1.05%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₹8,173.36 (about $78.59), down 1.7% over 24 hours. The rupee itself trades about 9.4% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 20, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Multicoin Capital Stays Committed to Crypto, Keeps HYPE as T — questions & answers
Why is Multicoin Capital not investing in AI?
The firm believes its competitive advantage lies in digital assets, not AI.
What is Multicoin's largest position?
HYPE token is the largest position in Multicoin's hedge fund.
How much is Hyperliquid's TVL?
Hyperliquid's TVL is $325.63 million, down 1% over the past week.
How much is 1 Hyperliquid worth in rupee today?
About ₹8,173.36 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $78.59. The rupee price moves with both HYPE's US-dollar price and the USDT/INR rate; use our Hyperliquid in rupee page for any amount.
Has Hyperliquid's price moved since this brief was published?
HYPE is down 1.05% since this brief first published — trading at ₹7,470 ($78.59) now versus ₹7,549 ($79.42) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Bitcoin.com. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.