Multicoin Capital Invests in Ethena Protocol’s ENA Token

The statement is overwhelmingly supported by multiple, high-authority primary sources. There is a direct announcement on Multicoin Capital's official website explicitly stating that its liquid fund has invested in the ENA token. This is corroborated by a personal social media post from Kyle Samani, the firm's co-founder and Managing Partner, and a separate confirming post from a Principal at the firm, Vishal Kankani. The evidence is consistent, directly addresses the claim, and comes from the highest possible authorities on the matter—the investment firm itself and its key leadership. The single irrelevant source from an unrelated venture capital firm does not contradict the claim and has no bearing on the assessment. The absence of any conflicting evidence, combined with the strength and consistency of the supporting primary sources, makes the statement highly credible.