Multicoin Capital recently sold about $33.64 million worth of HYPE from a position valued at $90.5 million that it had held for more than six months. Kyle Samani, a co-founder of Multicoin Capital, cited news of the sale and criticized the practice of buying a large position, promoting it publicly and then selling it, saying he struggled with the final step. The comment was widely viewed as an indirect criticism of Multicoin Capital after the firm had previously spoken aggressively about HYPE.