Kyle Samani Slams Hyperliquid Days After Leaving Multicoin

Core Viewpoint - Kyle Samani's departure from Multicoin Capital raises questions about internal conflicts regarding investment strategies, particularly in relation to Hyperliquid (HYPE) tokens, which Multicoin had invested over $40 million in [1][2][3]. Group 1: Departure and Criticism - Samani announced his departure on February 5, 2026, marking a significant shift for Multicoin Capital, a key player in institutional crypto investment [2]. - Despite leaving, Samani intends to remain active in the cryptocurrency space, especially within the Solana ecosystem [2]. - Just three days post-departure, Samani publicly criticized Hyperliquid on social media, indicating a clear divergence from Multicoin's investment stance [3][4]. Group 2: Investment and Strategy - Multicoin Capital has been a prominent supporter of Solana, having led a $1.65 billion private investment into Forward Industries in September 2025, aiming to establish a leading Solana treasury company [5]. - The timing of Samani's criticism of Hyperliquid contrasts sharply with Multicoin's significant investment in HYPE tokens, suggesting potential strategic disagreements within the firm [4].