Multicoin names Hyperliquid its largest holding: What it means for the Hyperliquid price

Published on 10/27/2026 at 18:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Open interest reached 12.2 billion USD in the third quarter. Hyperliquid price is 77.13 USD as of October 27, 2026, down 1.35 percent.

Institutional interest meets token supply

Multicoin Capital named Hyperliquid its largest hedge fund holding on October 19, 2026.
Hyperliquid generated 165.5 million USD in third-quarter perpetual contract fees.
The Hyperliquid price stands at 77.13 USD as of October 27, 2026, 1.35 percent below the UTC daily close of October 26, 2026.
A scheduled release of 9.92 million HYPE is set for November 6, 2026.

Hyperliquid, XCRYPTOHYPE5, Illustration mit AI erstellt.

Hyperliquid (HYPE) was named Multicoin Capital's largest hedge fund holding on October 19, 2026, according to 247Wallst. The Hyperliquid price is 77.13 USD as of October 27, 2026, down 1.35 percent compared with the UTC daily close of October 26, 2026, according to Investing.com.

Multicoin's October 19 holding decision

Multicoin Capital manages 2.7 billion USD, and general partner Spencer Applebaum identified Hyperliquid as the firm's largest hedge fund holding on October 19, 2026, 247Wallst reported. The article describes Hyperliquid as a decentralized exchange, meaning its trading infrastructure operates through on-chain code, with perpetual futures as its main product. The contracts track asset prices without a fixed expiration date and require collateral from traders.

Martin Gaspar, a senior crypto market strategist at FalconX, said open interest - the total value of active futures contracts - nearly doubled during the third quarter to 12.2 billion USD, according to 247Wallst.

Third-quarter fees reached 165.5 million USD

Traders paid 165.5 million USD in perpetual contract fees during the third quarter, an increase of 2.9 percent from the previous quarter, according to TechFlow. The report says 146.7 million USD went to the community Assistance Fund for open-market HYPE purchases. It also lists 17.7 million USD in USDC reserve interest for the quarter.

Token supply is another dated factor. About 9.92 million HYPE is scheduled for release on November 6, 2026, according to CoinCentral. The article also reports 63.9 million USD in HYPE purchases during the preceding 30-day period and 48.2 million HYPE held by the Assistance Fund.

HYPE market data on October 27, 2026

The Hyperliquid price stands at 77.13 USD as of October 27, 2026, down 1.35 percent compared with the UTC daily close of October 26, 2026, according to Investing.com. The daily high is 78.95 USD and the daily low (UTC day) is 76.20 USD. Market capitalization is 19.56 billion USD, ranking HYPE No. 10, while 24-hour volume is 822.03 million USD. Circulating supply is 253.77 million HYPE.