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Tushar Jain, Managing Partner of Multicoin Capital, stated on the X platform that the release of the HYPE pledge is not for the purpose of selling assets, but rather due to the fact that institutional fund flows are tracked on the chain, forcing regular wallet rotations. Tushar Jain reiterated that Multicoin Capital has a long-term outlook on Zama and Zcash. Previously, on chain analyst Yu Jin monitored that suspected Multicoin Capital related addresses 0xaB3... 297 were selling 607000 HYPEs worth $37 million.