Multicoin Capital co-founder Kyle Samani, citing news of Multicoin Capital's HYPE sale, stated, "The way to become a successful venture investor is to △buy a large position △go on a podcast and promote it △then sell it. I always struggle with step 3." This is interpreted as an indirect criticism of Multicoin Capital selling its holdings after actively promoting HYPE. Multicoin Capital recently sold approximately $33.64 million worth of its HYPE position, which was part of a $90.5 million HYPE position held for over 6 months.
