CryptoBriefing
Investment firm Multicoin Capital has identified Hyperliquid ($HYPE) as one of its largest holdings, based on a comprehensive reassessment of the protocol, according to a statement shared by Grayscale on social media. The firm attributes its high-impact assessment to significant growth in liquidity and developer activity surrounding Hyperliquid, a decentralized perpetuals exchange protocol. This development highlights continued institutional interest in Hyperliquid, which is currently around $80 with a 24-hour volume ranging between $1.1 billion and $1.2 billion, and a market cap estimated at $18 billion to $20 billion.
Key Takeaways
Multicoin Capital’s investment in Hyperliquid appears to indicate a positive outlook for the protocol’s future, suggesting confidence in its growth potential.
Market pricing for Hyperliquid reaching $100 by December 31, 2026, stands at 51% YES, reflecting mixed sentiment in the short term.
