TLDR

According to crypto.news, Multicoin Capital says Hyperliquid is one of its largest positions after reassessing HYPE. Multicoin’s Spencer Applebaum said the protocol had found genuine product-market fit, citing what he described as perpetual markets reaching centralized-exchange-level liquidity, alongside builder codes and HIP-3.

Hyperliquid is reportedly one of Multicoin's largest positions

Crypto.news reports that Multicoin’s Spencer Applebaum cited Hyperliquid’s perpetual markets reaching centralized-exchange-level liquidity as a sign of genuine product-market fit.

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