Was Kyle Samani’s Exit Coincidental?
The post Was Kyle Samani’s Exit Coincidental? appeared on BitcoinEthereumNews.com.
Kyle Samani stepped down from Multicoin Capital on February 5, 2026, after nearly a decade as co-founder. Today, he is publicly criticizing Hyperliquid (HYPE) as on-chain data shows Multicoin purchased over $40 million in HYPE tokens. The close timing has fueled speculation that internal conflicts over investment strategy prompted the departure of one of the most notable Solana advocates in the crypto industry. Multicoin, Hyperliquid, and Kyle Samani: Coincidence or Clash? Samani’s departure announcement on February 5 marked a significant shift for Multicoin Capital, a leading force in institutional crypto investment. Sponsored Sponsored Despite his departure, Samani stated he would remain engaged in cryptocurrency, especially within the Solana ecosystem. 1/ I will remain in my role as Chairman of Forward Industries. As part of the redemption request that I intend to submit to Multicoin’s Master Fund for March 31, 2026, I will request an in-kind redemption in FWDI shares and warrants rather than in USD, pending Multicoin’s… — Kyle Samani (@KyleSamani) February 4, 2026 The announcement came only days after MLM analysts flagged wallets believed to be linked to Multicoin accumulating large amounts of Hyperliquid’s HYPE token in late January. They highlighted purchases totalling tens of millions of dollars. Additional analysis suggests that substantial ETH flows were rotated into HYPE over several days via intermediary wallets. Looks like wallets linked to Multicoin Capital are rotating a large amount of ETH into HYPE. Since January 22, wallets sent 87.1K ETH ($220M) to a Multicoin-linked Galaxy Digital deposit address. On January 23, one day after the first deposit, a Multicoin-linked wallet started… https://t.co/LrJyoCTQ3m — MLM (@mlmabc) February 4, 2026 Notably, no official confirmation has linked the trades directly to Multicoin’s internal strategy decisions. Today, February 8, just three days after his formal exit, Samani is criticizing Hyperliquid on social media, making his…
Filed under: News - @ February 8, 2026 8:22 pm