Multicoin names HYPE top holding on October 19: What it means for the Hyperliquid price

Published on 10/26/2026 at 07:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Open interest nearly doubled in Q3 to 12.2 billion USD. The Hyperliquid price stands at 77.13 USD on October 26, 2026, down 1.35 percent.

Institutional signals and ETF flows

Multicoin Capital identified HYPE as its largest hedge fund holding on October 19, 2026.
Hyperliquid open interest nearly doubled in the third quarter to 12.2 billion USD.
The Hyperliquid price stands at 77.13 USD as of October 26, 2026, 1.35 percent below the UTC daily close of October 25, 2026.
Spot Hyperliquid ETFs recorded 7.88 million USD in withdrawals on October 22, 2026.

Hyperliquid, XCRYPTOHYPE5, Illustration mit AI erstellt.

Hyperliquid (HYPE) was identified as Multicoin Capital's largest hedge fund holding on October 19, 2026, adding a dated institutional ownership signal to the token's market picture. The Hyperliquid price stands at 77.13 USD as of October 26, 2026, down 1.35 percent compared with the UTC daily close of October 25, 2026.

Multicoin identifies HYPE as its largest holding

Yahoo Finance reported on October 20, 2026, that Multicoin Capital had named HYPE its largest hedge fund holding. Spencer Applebaum, a general partner at Multicoin Capital, said the firm bought the tokens on the public market on October 19, 2026.

The report placed the disclosure alongside activity data for Hyperliquid, a decentralized exchange where code matches orders on-chain. Yahoo Finance said FalconX strategist Martin Gaspar reported that Hyperliquid's open interest, meaning the total value of active futures contracts, nearly doubled in the third quarter to 12.2 billion USD. The comparison was 13.4 billion USD for CME Group, a regulated derivatives exchange.

ETF withdrawals total 7.88 million USD

U.S. spot Hyperliquid exchange-traded funds, which hold the underlying token rather than futures contracts, recorded 7.88 million USD in net withdrawals on October 22, 2026. EconoTimes reported that Bitwise's fund accounted for 6.98 million USD of the withdrawals and 21Shares' fund accounted for 897,782 USD.

The same report said the three funds had 387.14 million USD in net assets and 20.04 million USD in trading volume on October 22, 2026. These fund figures describe a separate market channel from Hyperliquid's on-chain derivatives activity, so the two measures are not interchangeable.

Investing.com records a 1.35 percent move

According to Investing.com, Hyperliquid trades at 77.13 USD as of October 26, 2026, down 1.35 percent compared with the UTC daily close of October 25, 2026. 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 Hyperliquid No. 10, while 24-hour volume is 822.03 million USD. Circulating supply is 253.77 million HYPE.