Kyle Samani Jokes About Multicoin Capital After HYPE Sale Report

Kyle Samani, former co-founder of Multicoin Capital and an early Solana investor, said, "The steps to becoming a successful venture capitalist: 1) Buy a large position; 2) Go on podcasts and talk about it; 3) Sell it. I really struggle with step 3." According to Odaily, he was responding to reports that Arkham monitored Multicoin Capital selling 10% of its HYPE position, which he appeared to mock as a possible pump-and-dump move. Odaily also said Multicoin Capital had sold another 10% of its HYPE holdings after keeping a $90.5 million position for more than six months, leaving it with 25% of its peak stake.